What is Cormark’s Forecast for Hudbay Minerals Q4 Earnings?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at Cormark boosted their Q4 2024 earnings per share estimates for Hudbay Minerals in a research report issued on Thursday, November 14th. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.50 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.29 EPS.

A number of other equities analysts also recently issued reports on the stock. National Bankshares raised their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Canaccord Genuity Group dropped their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. 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 research note on Tuesday, October 8th. Royal Bank of Canada lowered their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Trading Up 0.1 %

Hudbay Minerals stock opened at C$12.01 on Monday. Hudbay Minerals has a 52-week low of C$5.88 and a 52-week high of C$14.33. The company has a market cap of C$4.73 billion, a P/E ratio of 32.46, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The business has a 50-day simple moving average of C$12.01 and a two-hundred day simple moving average of C$11.90.

Hudbay Minerals Dividend Announcement

The business 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. This represents a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 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.