Raymond James Forecasts Weaker Earnings for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Raymond James dropped their Q4 2024 earnings per share estimates for shares of Hudbay Minerals in a research report issued on Thursday, February 6th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.27 for the quarter, down from their prior estimate of $0.38. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other equities research analysts have also recently issued reports on the company. Stifel Nicolaus raised their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday, January 30th. National Bankshares raised their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$15.57.

Hudbay Minerals Stock Up 2.7 %

Shares of TSE HBM opened at C$13.71 on Monday. The company has a market capitalization of C$5.40 billion, a P/E ratio of 37.05, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The company has a 50 day simple moving average of C$12.34 and a 200-day simple moving average of C$11.83. Hudbay Minerals has a 1 year low of C$6.72 and a 1 year high of C$14.33.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

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.