Analyst Lowers Q2 EPS Projections for Hudbay Minerals

February 24, 2025 06:29 PM AEDT | By Team Kalkine Media

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Analyst Lowers Q2 EPS Projections for Hudbay Minerals — Image source: Shutterstock

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Highlights

National Bank Financial revised the earnings estimates for Hudbay Minerals, forecasting lower EPS for upcoming fiscal years.

Despite revised price targets, a majority of analysts maintain a positive outlook with a "Buy" rating for the stock.

Insider activity includes recent share transactions by company executives, reflecting market confidence.

Hudbay Minerals Inc. (TSX:HBM) has recently seen a revision in its earnings forecasts by National Bank Financial, which lowered its Q2 2025 EPS estimate from $0.26 to $0.14. This adjustment reflects shifts in market expectations and the potential impacts of external financial factors on the mining company's performance. Furthermore, the financial institution provided a revised forecast for the company's earnings for fiscal years 2025 through 2027, anticipating fluctuations in EPS in the coming years.

Simultaneously, other financial analysts have contributed their insights into the company's trajectory. While various institutions have adjusted their price targets slightly downward, they continue to uphold a favorable view of Hudbay Minerals, with numerous analysts assigning a "Buy" rating. The consensus rating, as compiled by MarketBeat, is predominantly positive, underscoring the analysts' confidence in Hudbay Minerals' long-term growth potential.

Recent Stock Performance

As of the latest market data, Hudbay Minerals' stock opened at C$10.10, with the stock's 50-day simple moving average standing at C$12.22 and the 200-day simple moving average at C$11.89. The company's market capitalization is currently valued at C$2.80 billion. Over the past year, the stock has experienced a range between a 52-week low of C$7.07 and a high of C$14.33. These fluctuations indicate the stock's volatility and the dynamic nature of the mining sector.

Insider Trading Activities

Insider activity has also been noteworthy, with Director Peter Gerald Jan Kukielski purchasing 9,300 shares, demonstrating personal confidence in the company. On the flip side, Senior Officer Robert Alan Carter sold 8,014 shares, reflecting standard portfolio adjustments. Overall, insider transactions represent a minor percentage of ownership but remain an important indicator of insider sentiment.

Hudbay Minerals Inc. is a prominent player in the mining industry, focusing on the exploration and production of various mineral concentrates. Operating in North and South America, the company produces copper, gold, silver, zinc, and molybdenum concentrates. This diverse portfolio positions Hudbay Minerals as a key entity in the global mining sector, with continual efforts to optimize and expand its operational footprint.

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