- Hudbay Minerals reported a third-quarter adjusted earnings per share (EPS) of 13 cents, surpassing estimates of 4.6 cents and improving from 7.0 cents year-over-year (y/y).
- The unadjusted EPS stood at 13 cents, matching the year-over-year figure and significantly exceeding the estimated 4.4 cents.
- Revenue reached $485.8 million, marking a 1.1% increase y/y and exceeding the forecast of $457.4 million.
- Gold production was 89,073 ounces, a 12% decrease y/y but remarkably above the estimate of 66,237 ounces.
- Silver production was 985,569 ounces, down 7.3% y/y yet higher than the expected 928,733 ounces.
- Zinc production reached 8,069 tonnes, declining by 22% y/y but still slightly outpacing the estimate of 7,962 tonnes.
- Copper production was 31,354 tonnes, a 25% decrease y/y, closely aligning with the estimate of 31,035 tonnes.
- Adjusted EBITDA was $206.2 million, up 8.1% y/y and surpassing the forecast of $173.4 million.
- Analyst recommendations included 15 buys, with no holds or sells.
A look at Hudbay Minerals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hudbay Minerals is positioned well for long-term growth and value appreciation. With strong scores in Value and Growth factors, the company shows promise in terms of its financial health and potential for increasing its market worth over time. This indicates that investors may find Hudbay Minerals to be an attractive option for long-term investment. However, the company’s scores in Dividend and Resilience factors are slightly lower, suggesting a moderate level of dividend payouts and resilience to market volatility.
Overall, Hudbay Minerals Inc., a mining company operating in the Americas, presents a compelling opportunity for investors looking for growth potential and value in their portfolios. While the company may not offer high dividend returns or be immune to economic downturns, its strong performance in Value and Growth factors signals a positive long-term outlook, making it a company worth considering for those seeking to capitalize on the mining industry’s potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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