Q4 EPS Forecast for Hudbay Minerals Increased by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Paradigm Capital lifted their Q4 2024 earnings estimates for Hudbay Minerals in a report released on Tuesday, October 22nd. Paradigm Capital analyst J. Woolley now forecasts that the mining company will post earnings per share of $0.25 for the quarter, up from their previous estimate of $0.22. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Paradigm Capital also issued estimates for Hudbay Minerals’ FY2028 earnings at $1.30 EPS.

A number of other analysts also recently commented on the company. Scotiabank upped their price objective on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Stifel Nicolaus raised their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Jefferies Financial Group lifted their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Eight Capital increased their target price on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. Finally, Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Stock Performance

TSE:HBM opened at C$13.37 on Friday. The company has a market cap of C$5.26 billion, a P/E ratio of 36.14, a P/E/G ratio of 3.97 and a beta of 1.83. The firm’s 50 day moving average is C$11.44 and its two-hundred day moving average is C$11.69. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37.

Hudbay Minerals Dividend Announcement

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

About Hudbay Minerals

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.