FY2024 EPS Estimate for Hudbay Minerals Boosted by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Stock analysts at Scotiabank increased their FY2024 earnings per share estimates for shares of Hudbay Minerals in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will earn $0.73 per share for the year, up from their previous estimate of $0.66. Scotiabank has a “Outperform” rating and a $15.00 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals’ FY2025 earnings at $1.10 EPS.

HBM has been the subject of several other research reports. Jefferies Financial Group lifted their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. National Bankshares lifted their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Stock Up 2.1 %

HBM opened at C$12.96 on Thursday. The stock has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 35.03, a PEG 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 firm has a 50 day moving average price of C$12.38 and a 200-day moving average price of C$11.83. Hudbay Minerals has a twelve month low of C$6.72 and a twelve month high of C$14.33.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is currently owned by corporate insiders.

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.