HBM Earnings Prediction
The chart below shows how HBM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HBM sees a -1.31% change in stock price 10 days leading up to the earnings, and a +3.75% change 10 days following the report. On the earnings day itself, the stock moves by +0.09%. This data can give you a slight idea of what to expect for the next quarter's release.
HBM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
584.92M
-2.87%
20.41%
Gross Margin
31.53%
-3.49%
9.56%
Operating Margin
26.13%
14.81%
19.86%
Net Margin
3.30%
-40.75%
-68.18%
EPS
0.05
-37.50%
-61.54%
No Data Available
HBM Earnings Analysis
Hudbay Minerals Inc Corporation (HBM.N) Earnings Conference Call
Positive
Record Financial Performance: Hudbay Minerals Inc. achieved record financial performance in 2024, with revenues exceeding $2 billion and free cash flow generation surpassing $350 million, demonstrating strong operational excellence and disciplined capital allocation.
Record Gold Production Increase: Gold production significantly exceeded guidance, with Manitoba operations achieving a record annual gold production of 214,000 ounces, reflecting a 14% increase from 2023.
Copper Production Surge: Consolidated copper production in Q4 2024 was 43,000 tons, a 38% increase compared to Q3, and full-year production guidance for all metals was achieved, with gold production exceeding the top end of guidance.
Debt Reduction and Financial Flexibility: The company reduced debt by over $500 million in 2024, transforming its balance sheet to the lowest leverage position among peers, enhancing financial flexibility for growth opportunities.
Record Copper Recoveries: Hudbay's Peru operations demonstrated strong performance, with record copper recoveries of 88% in Q4 and full-year cash costs outperforming guidance, positioning Constancia as the lowest cost open-pit copper mine in South America.
Mill Refurbishment Success: The New Britannia mill refurbishment project has exceeded performance expectations, achieving record throughput levels and an estimated internal rate of return (IRR) of 36%, significantly higher than initial projections.
Copper Production Expansion: The Copper World project in Arizona has received all key permits and is expected to increase consolidated copper production by over 50% once in production, with strong project economics and a favorable cost base.
Highest-Margin Gold Operation: Hudbay's Snow Lake operations were recognized as the highest-margin gold operation in Canada in 2024, with sustaining cash costs of $868 per ounce, reflecting strong cash flow generation and operational efficiencies.
Negative
Copper Production Shortfall: Consolidated copper production in British Columbia was below guidance due to lower grades in stockpiled ore and lower throughput during stabilization efforts.
Cash Cost Exceedance: Full-year cash costs in British Columbia were $2.74 per pound, exceeding the high end of the annual cost guidance range due to lower copper production.
Copper Production Guidance: 2025 copper production guidance for Peru is expected to be 88,500 tons, lower than 2024 levels as less mill ore feed will be coming from Pampacancha, which is expected to be depleted in the third quarter of 2025.
Zinc Production Forecast: Zinc production for 2025 is expected to be 24,000 tonnes, lower than 2024 production due to lower grade base metals in the mining sequence at Lalor.
Projected Cash Costs 2025: 2025 all-in sustaining cash costs are expected to be between $2.60 and $2.65 per pound, reflecting slightly lower copper production and higher sustaining capital expenditures compared to 2024.
HBM FAQs
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HBM Earning Call Sentiment
Hudbay Minerals Inc. (NYSE:HBM) Q4 2024 Earnings Call Transcript
HBM.N
4.41%Positive
The earnings call highlights strong financial performance with record revenues, increased free cash flow, and significant debt reduction. Despite flat EPS, positive aspects include improved EBITDA, cash cost control, and strong interest in Copper World. The Q&A reveals some operational challenges but also competitive interest in asset sales. The market cap suggests moderate sensitivity to news, and overall, the sentiment leans positive, likely resulting in a stock price increase of 2% to 8%.
