TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) senior management will host a conference call on Wednesday, November 13, 2024 at 11:00 a.m. ET to discuss the company's third quarter 2024 results. Date: Wednesday, November 13, 2024 Time: 11:00 a.m. ET Webcast: www.hudbay.com Dial in: 1-844-763-8274 or 647-484-8814 Third Quarter 2024 Results Conference Call and Webcast Hudbay plans to issue a news release containing the third quarter 2024 results be ...

TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) today announced that it has reached a final settlement with all plaintiffs in three civil lawsuits brought against the company regarding alleged actions that occurred in Guatemala in 2007 and 2009. This settlement concludes all outstanding legal matters related to Hudbay's former activities in Guatemala. Hudbay was named in the civil suits because of its ownership of the Fenix nickel project, which w ...

Micron Technology, Inc. (NASDAQ: MU ) (NEOE: MU:CA ) is crushing it in the high bandwidth market right now, leading the chip company to a profit beat and a fantastic forecast for the next quarter. A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buyouts and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ampl ...

Providing alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidencebased thesis. But first and foremost, I encourage readers to judge me on my performance.I have a generalist approach as I explore, analyze and invest in any sector so long there is perceived alpha potential vs the S&P500. The typical holding period ranges between a few quarters to multiple years. ...

Core Viewpoint - Micron Technology, Inc. reported its fourth quarter FY2024 results, leading to a significant stock increase of 15% following the announcement [1]. Company Summary - Micron Technology's stock was downgraded to a hold in late August prior to the recent positive performance [1].

Core Viewpoint - Micron Technology, Inc reported strong quarterly results, exceeding analyst expectations, and provided an optimistic outlook for the upcoming quarter, indicating continued growth in revenue and earnings per share [1][5][10]. Financial Performance - Fourth-quarter revenue was $7.75 billion, surpassing the analyst consensus estimate of $7.64 billion [1]. - Adjusted EPS for the quarter was $1.18, beating the consensus estimate of $1.13 [1]. - The company expects first-quarter revenue of $8.7 billion, with a margin of plus or minus $200 million, and adjusted EPS of $1.74, plus or minus eight cents per share [1][4][12]. Analyst Ratings and Price Targets - Morgan Stanley maintained an equal weight rating and raised the price target from $100 to $114 [2]. - Wedbush reiterated an Outperform rating with a price target of $140 [2]. - Piper Sandler maintained an Overweight rating with a price target of $150 [2]. - Rosenblatt reiterated a Buy rating with a price target of $250 [2]. - JP Morgan maintained an Overweight rating with a price target of $180 [3]. Market Dynamics and Outlook - Analysts noted that the strength in data center demand is offsetting weakness in consumer markets, particularly in smartphones and PCs [10][11]. - Micron's management expects a short-lived correction in consumer markets, with inventories normalizing by the third quarter [11]. - The company anticipates continued margin growth and favorable supply-demand dynamics through 2025, with HBM demand projected to reach $25 billion next year [5][6]. Pricing and Supply Expectations - Analysts expect pricing for both DRAM and NAND to increase, driven by limited supply and rising demand [7][12]. - Micron's HBM capacity for 2024 and 2025 is sold out, with contracts in place for pricing and units [7]. - The memory industry is viewed as being in the early stages of an up-cycle, with expectations for significant positive EPS revisions [14].

Core Viewpoint - Micron Technology is experiencing significant growth driven by robust demand for AI-driven data center chips, leading to a strong outlook for fiscal 2025 [4][6][7] Group 1: Financial Performance - Micron reported $7.75 billion in revenue for the fourth quarter of fiscal 2024, nearly doubling from $4.4 billion a year earlier [5] - The company achieved a profit of $887 million, or 79 cents per share, a significant turnaround from a loss of $1.43 billion, or $1.31 per share, in the previous year [5] - Adjusted earnings per share were $1.18, exceeding analyst expectations [5] - For the upcoming fiscal first quarter, Micron forecasts revenue between $8.5 billion and $8.9 billion, with adjusted earnings per share ranging from $1.66 to $1.82, both surpassing market predictions [5] Group 2: Market Position and Growth Drivers - The company experienced 93% year-over-year revenue growth in the fourth quarter, primarily due to increasing demand for AI applications [6] - Micron's memory products are essential for processing large amounts of data in various sectors, including AI, automotive, and consumer electronics [1][2][3] - The company is well-positioned to capitalize on the growing market for memory chips, enhancing both revenue potential and profitability [7]

Analyst's Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any inv ...

Micron Technology, Inc. (NASDAQ: MU ) reported fiscal Q4 earnings after the close Wednesday to a positive reception, as the stock is up around 12% after hours. The company beat estimates on To follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning with my inaugural published piece during my first year of college. I have ...

Core Viewpoint - Hudbay Minerals has received the Aquifer Protection Permit for its Copper World project, marking a significant step towards construction and leading to a 4% increase in stock price [1]. Group 1: Project Overview - The Copper World project is expected to have an annual copper production capacity of 85,000 tons over a 20-year mine life, which will increase Hudbay's consolidated annual copper production by over 50% [2]. - The project includes seven deposits discovered in 2021 and is one of the highest-grade open pit copper projects in the Americas, with proven and probable mineral reserves of 385 million tons at 0.54% copper [7]. Group 2: Permitting and Future Actions - Hudbay has secured two key state permits for the Copper World project: the Mined Land Reclamation Plan and the Aquifer Protection Permit, with the latter following a detailed analysis and public comment period [3]. - The last key state-level permit, the Air Quality Permit, is currently in progress, with a public comment period expected to conclude in September 2024 [4]. - The company plans to commence feasibility studies for Copper World, with growth capital spending in Arizona projected to increase by an additional $25 million in 2024 [5]. Group 3: Economic Impact - Once operational, Copper World is expected to create over 400 direct jobs and up to 3,000 indirect jobs in Arizona, contributing significantly to the U.S. domestic copper supply chain [8]. - The estimated total initial funding requirement for Phase I of Copper World is around $1.1 billion [9]. Group 4: Stock Performance - Hudbay Minerals' stock has risen 63.2% over the past year, contrasting with a 6.2% decline in the industry [10].