10 Stocks That Underperformed Last Week

3. Hudbay Minerals Inc. (NYSE:HBM)

Hudbay Minerals fell by 21.7 percent last week, after finishing Friday’s trading at $7.10 versus the $9.07 registered on February 14, as investors soured on the company’s weak outlook guidance for 2025.

Following the release of its earnings performance where attributable net income fell in both fourth quarter and full-year 2024, HBM said it expects consolidated gold production to be lower than in 2024, while consolidated copper production is projected to remain stable as with 2024.

The company said attributable net income declined by 30.9 percent to $21.2 million in the fourth quarter of 2024 from $30.7 million in the same period last year, as revenues dipped 2.87 percent to $584.9 million from $602.2 million.

However, attributable net income for full-year 2024 increased by 15.5 percent to $76.7 million from $66.4 million in 2023, as revenues grew by 19.6 percent to $2.02 billion from $1.69 billion.