Hudbay Slips as Broader Indexes Post Mixed Session

Hudbay Minerals fell 1.22% to $26.68 at the latest close, underperforming the S&P 500, which lost 0.25%. The Dow fell 0.86%, while the Nasdaq gained 0.24%.

Investors are watching for the company’s upcoming earnings report. Zacks’ consensus estimate puts quarterly earnings at $0.34 per share and revenue at $769.13 million. Those figures represent increases of 1,033.33% and 121.78%, respectively, from the same quarter a year earlier.

For the full fiscal year, Zacks’ consensus forecasts earnings of $1.40 per share and revenue of $2.88 billion. Those estimates are up 108.96% and 30.32%, respectively, from the prior year.

The consensus earnings estimate has fallen 11.31% over the past 30 days, according to Zacks. Hudbay’s forward price-to-earnings ratio was 19.32, compared with an industry average of 19.17.