FY2024 EPS Estimates for Hudbay Minerals Boosted by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Stock analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for Hudbay Minerals in a research note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.50 for the year, up from their prior estimate of $0.32. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.92 EPS.

A number of other research firms have also recently commented on HBM. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. 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. CIBC lifted their price objective on Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Royal Bank of Canada reduced their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Scotiabank lifted 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. Twelve investment 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, Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$12.71 on Thursday. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$14.33. The business has a 50-day simple moving average of C$11.06 and a 200 day simple moving average of C$11.54. 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 stock has a market cap of C$5.00 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders 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 dividend yield of 0.09%. Hudbay Minerals’s dividend payout ratio (DPR) 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.