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Hudbay Minerals Inc (HBM)
NYSE:HBM
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.19Last Year’s EPS
0.16Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -14.08%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlights strong financial performance, record production, and significant debt reduction, indicating a positive outlook for Hudbay Minerals. However, challenges in Peru and British Columbia operations present some concerns. Despite these challenges, the company's achievements and strategic advancements, such as the Copper World project, contribute to an overall positive sentiment.Company Guidance
In Hudbay Minerals Inc.'s 2024 fourth quarter results conference call, the company announced significant achievements and provided detailed guidance for 2025. The company reported record revenues of over $2 billion and free cash flow generation exceeding $350 million for 2024. Notably, Hudbay achieved consolidated production guidance for all metals, with gold production surpassing the top end of the guidance range. The company's operations in Peru and Manitoba contributed to the strong performance, with Manitoba achieving record annual gold production, a 14% increase from 2023. Hudbay reduced its debt by more than $500 million in 2024, resulting in a net debt of $526 million by year-end and improving its net debt to adjusted EBITDA ratio to 0.6 times, down from 1.6 times at the end of 2023. For 2025, Hudbay expects consolidated copper production to remain stable at about 133,000 tons, with gold production projected at 278,000 ounces. Cash costs for copper are anticipated to be within $0.80 to $1.00 per pound, with all-in sustaining costs between $2.60 and $2.65 per pound. Capital expenditures for 2025 are forecasted at $485 million, reflecting higher growth and sustaining capital investments across its operations. Hudbay is also advancing its Copper World project in Arizona, which has received key permits and is expected to increase copper production by 50% upon completion.Record Financial Performance
Hudbay Minerals achieved record financial performance in 2024 with revenues exceeding $2 billion and free cash flow generation over $350 million, driven by strong operational results and disciplined capital allocation.
Gold Production Exceeds Guidance
Manitoba operations achieved record annual gold production, increasing by 14% from 2023, and exceeding the top end of production guidance range. Gold production represented 35% of total revenues in 2024, compared to 29% in 2023.
Debt Reduction and Balance Sheet Transformation
Hudbay Minerals reduced debt by over $500 million in 2024, transforming its balance sheet to the lowest leverage position among its peers. The company ended the year with $582 million in cash and cash equivalents.
Copper World Project Progress
The Copper World project in Arizona received final key permits and is advancing through feasibility studies with a minority joint venture partner process.
Strong EBITDA Growth
Fourth quarter adjusted EBITDA was $257 million, a 25% increase compared to the prior quarter, resulting in full-year 2024 adjusted EBITDA of $823 million, a substantial increase from $648 million a year ago.
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HBM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HBM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $8.95 | $7.73 | -13.63% |
| Nov 13, 2024 | $8.56 | $8.62 | +0.70% |
| Aug 13, 2024 | $7.34 | $7.27 | -0.95% |
| May 14, 2024 | $8.78 | $10.03 | +14.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hudbay Minerals Inc (HBM) report earnings?
Hudbay Minerals Inc (HBM) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Hudbay Minerals Inc (HBM) earnings time?
Hudbay Minerals Inc (HBM) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HBM EPS forecast?
HBM EPS forecast for the fiscal quarter 2025 (Q1) is 0.19.
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