TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today released its third quarter 2024 financial results. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine. “Our enhanced operating platform delivered strong operating and financial results with record gold production in Manitoba and robust cost control across the bus ...

The upcoming report from HudBay Minerals (HBM) is expected to reveal quarterly earnings of $0.05 per share, indicating a decline of 28.6% compared to the year-ago period. Analysts forecast revenues of $470.43 million, representing a decrease of 2.1% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 2.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this ...

HudBay Minerals (HBM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 13, 2024, might help the stock move higher if these key numbers are better ...

Core Viewpoint - HudBay Minerals is facing a challenging earnings outlook with expected declines in both earnings per share and revenue for the upcoming report on November 13, 2024 [2][3]. Group 1: Recent Performance - HudBay Minerals' stock closed at $9.06, unchanged from the previous day, while the S&P 500, Dow, and Nasdaq experienced losses of 0.28%, 0.61%, and 0.33% respectively [1]. - Over the past month, HudBay Minerals' shares have decreased by 3.62%, underperforming the Basic Materials sector's loss of 3.57% and the S&P 500's gain of 0.41% [1]. Group 2: Earnings Expectations - Analysts anticipate HudBay Minerals will report earnings of $0.05 per share, reflecting a year-over-year decline of 28.57% [2]. - The Zacks Consensus Estimate for revenue is projected at $470.43 million, down 2.09% from the previous year [2]. Group 3: Full-Year Estimates - For the full year, Zacks Consensus Estimates predict earnings of $0.48 per share and revenue of $2.04 billion, indicating year-over-year increases of 108.7% and 20.73% respectively [3]. - Recent changes in analyst estimates are crucial as they often indicate shifts in business trends, with positive revisions suggesting optimism about the company's profitability [3]. Group 4: Valuation Metrics - HudBay Minerals is currently trading at a Forward P/E ratio of 18.97, which is higher than the industry average of 16.93, indicating a premium valuation [6]. - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 170, placing it in the bottom 33% of over 250 industries [6]. Group 5: Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates HudBay Minerals at 3 (Hold) [5]. - Over the past month, the Zacks Consensus EPS estimate has decreased by 8.76%, reflecting a cautious outlook from analysts [5].

Company Performance - HudBay Minerals (HBM) closed at $9.58, reflecting a -0.42% change from the previous session, underperforming the S&P 500's daily gain of 0.27% [1] - Over the past month, shares of HudBay Minerals gained 3.66%, outperforming the Basic Materials sector's loss of 3.73% and the S&P 500's gain of 2% [1] Upcoming Earnings - The earnings report for HudBay Minerals is scheduled for November 13, 2024, with an expected EPS of $0.05, representing a 28.57% decrease from the same quarter last year [2] - Revenue is forecasted to be $470.43 million, indicating a 2.09% decline compared to the previous year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $0.48 per share and revenue of $2.04 billion, reflecting increases of +108.7% and +20.73% respectively from the prior year [3] - Recent changes in analyst estimates suggest a positive outlook for HudBay Minerals' business and profitability [3] Valuation Metrics - HudBay Minerals is currently trading at a Forward P/E ratio of 20.15, which is higher than the industry average Forward P/E of 16.72 [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 177, placing it in the bottom 30% of over 250 industries [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that HudBay Minerals currently holds a Zacks Rank of 3 (Hold) [5] - The Zacks Consensus EPS estimate has decreased by 8.9% in the past month, reflecting a cautious sentiment among analysts [5]

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 ...

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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].