Q3 2024 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Increased by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Raymond James boosted their Q3 2024 earnings per share (EPS) estimates for Hudbay Minerals in a report released on Monday, September 23rd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.16 for the quarter, up from their prior forecast of $0.15. Raymond James also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $1.40 EPS.

Other research analysts have also recently issued research reports about the stock. CIBC upped their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Scotiabank cut their price target on shares of Hudbay Minerals from C$17.00 to C$14.50 in a research note on Monday, August 19th. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research report on Wednesday, August 14th. Eight Capital upped 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, Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$15.34.

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$11.85 on Wednesday. The firm’s 50 day simple moving average is C$10.57 and its 200 day simple moving average is C$11.19. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 1-year low of C$5.46 and a 1-year high of C$14.33. The firm has a market capitalization of C$4.66 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 3.97 and a beta of 1.82.

Hudbay Minerals Dividend Announcement

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