Q3 2024 EPS Estimates for Hudbay Minerals Inc. Reduced by National Bank Financial (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at National Bank Financial reduced their Q3 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.01 per share for the quarter, down from their prior forecast of $0.04. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Other analysts have also issued reports about the stock. Eight Capital increased their price target on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. Jefferies Financial Group upped their target price on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. CIBC boosted their price target on Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Stifel Nicolaus increased their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Scotiabank lifted their target price on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Price Performance

Shares of TSE:HBM opened at C$12.65 on Wednesday. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$14.33. The stock has a fifty day moving average of C$11.00 and a 200-day moving average of C$11.52. The company has a market capitalization of C$4.98 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87.

Hudbay Minerals Dividend Announcement

The business also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid a $0.02 dividend. This represents a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio is presently 5.41%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.