TORONTO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) today released its second 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. "The continued execution of our operational plans in the second quarter has positioned us well to achieve our 2024 production guidance, and our exposure to gol ...

In the latest trading session, HudBay Minerals (HBM) closed at $7.27, marking a +1.54% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.47%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.51%. Shares of the mining company witnessed a loss of 21.92% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.94% and the S&P 500's loss of 4.45%. The investment community will be paying close a ...

Analysts on Wall Street project that HudBay Minerals (HBM) will announce quarterly earnings of $0.06 per share in its forthcoming report, representing an increase of 185.7% year over year. Revenues are projected to reach $460.38 million, increasing 47.5% from the same quarter last year. The current level reflects a downward revision of 7.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pr ...

HudBay Minerals (HBM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 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 August 13, 2024, might help the stock move higher if these key numbers are better than ...

Price and EPS Surprise Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering HudBay Minerals (HBM) , which belongs to the Zacks Mining - Miscellaneous industry. When looking at the last two reports, this mining company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 257.58%, on average, in the last two quarters. For the last reported quarter, HudBay Minerals cam ...

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. Another valuation metric that we should highlight is HBM's P/B ratio of 1.44. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets ...

It's no secret that Micron Technology's (NASDAQ:MU) share performance has been relatively lackluster since reporting q3'24 earnings at the beginning of July 2024. Though investors may have been spooked by the higher-than-expected capital investment forecast for eFY25, this should not have come to anyone's surprise as Micron is in the process of transitioning their chip manufacturing equipment to cater to higher powered chips using EUV lithography as well as breaking ground on their Idaho fab, which is expec ...

TORONTO, July 18, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. ("Hudbay" or the "company") (TSX, NYSE: HBM) senior management will host a conference call on Tuesday, August 13, 2024 at 11:00 a.m. ET to discuss the company's second quarter 2024 results. Hudbay (TSX, NYSE: HBM) is a copper-focused mining company with three long-life operations and a worldclass pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru and the United States. Second Quarter 2024 Results Confer ...

Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay's growth pipeline includes the Copper World project in Arizona (United States), the Mason project in Nevada (United States), the Llaguen project in La Libertad (Peru) and several expansion and exploration opportunities ...

The second is the recovery of PC and smartphone end demand in 2025, with more emphasis on the former. PC and smartphone recovery is crucial for MU to boost unit sales. Management has the following outlook on each market for the year - "PC: Unit volumes remain on track to grow in the low single-digit range for CY24," and smartphone: "Mobile: Smartphone unit volumes in CY24 remain on track to grow in the low-to-mid single-digit percentage range." We do believe the inventory correction cycle for both markets i ...