Q3 2021 EPS Estimates for Hudbay Minerals Inc. Decreased by Analyst (NYSE:HBM)

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stock analysts at Raymond James decreased their Q3 2021 EPS estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Wednesday, October 13th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.09. Raymond James also issued estimates for Hudbay Minerals’ FY2021 earnings at $0.12 EPS, Q1 2022 earnings at $0.27 EPS and FY2022 earnings at $1.03 EPS.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Monday, August 9th. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.07). Hudbay Minerals had a negative return on equity of 3.13% and a negative net margin of 5.90%. The business had revenue of $404.24 million for the quarter, compared to analyst estimates of $416.66 million. During the same quarter last year, the firm posted ($0.15) EPS. The company’s revenue was up 93.5% compared to the same quarter last year.

HBM has been the subject of a number of other research reports. Indl Alliance S reiterated a “buy” rating on shares of Hudbay Minerals in a research report on Thursday, September 23rd. Credit Suisse Group reduced their price target on Hudbay Minerals from C$13.00 to C$11.50 and set an “outperform” rating for the company in a research report on Wednesday, August 25th. Scotiabank cut their price objective on Hudbay Minerals from C$12.00 to C$11.50 and set an “outperform” rating for the company in a report on Tuesday. Zacks Investment Research lowered Hudbay Minerals from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, National Bank Financial upgraded Hudbay Minerals from a “sector perform” rating to an “outperform” rating and cut their price objective for the company from $14.00 to $12.50 in a report on Friday, September 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average price target of $12.20.

Shares of HBM stock opened at $7.00 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.50. Hudbay Minerals has a 1 year low of $4.33 and a 1 year high of $9.60. The stock has a fifty day moving average of $6.14 and a two-hundred day moving average of $6.87. The firm has a market capitalization of $1.83 billion, a PE ratio of -23.33, a price-to-earnings-growth ratio of 1.55 and a beta of 2.40.

The business also recently announced a semi-annual dividend, which was paid on Friday, September 24th. Stockholders of record on Friday, September 3rd were given a dividend of $0.0079 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 2nd. Hudbay Minerals’s dividend payout ratio (DPR) is presently -4.35%.

A number of large investors have recently bought and sold shares of HBM. L1 Capital Pty Ltd acquired a new position in Hudbay Minerals during the second quarter valued at $79,092,000. Allianz Asset Management GmbH raised its position in Hudbay Minerals by 202.6% during the first quarter. Allianz Asset Management GmbH now owns 5,658,496 shares of the mining company’s stock valued at $38,718,000 after buying an additional 3,788,496 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Hudbay Minerals by 158.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,233,236 shares of the mining company’s stock valued at $22,123,000 after buying an additional 1,982,807 shares during the period. Goldman Sachs Group Inc. grew its stake in Hudbay Minerals by 300.2% in the first quarter. Goldman Sachs Group Inc. now owns 810,807 shares of the mining company’s stock valued at $5,571,000 after purchasing an additional 608,207 shares in the last quarter. Finally, Alberta Investment Management Corp grew its stake in Hudbay Minerals by 593.3% in the second quarter. Alberta Investment Management Corp now owns 667,600 shares of the mining company’s stock valued at $4,448,000 after purchasing an additional 571,300 shares in the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

About Hudbay Minerals

HudBay Minerals, Inc operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.

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Earnings History and Estimates for Hudbay Minerals (NYSE:HBM)

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