Cormark Brokers Boost Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Cormark lifted their FY2025 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Tuesday, January 7th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $1.32 for the year, up from their prior estimate of $1.29. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other brokerages also recently issued reports on HBM. Scotiabank increased 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. Jefferies Financial Group raised their target price on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, National Bankshares boosted 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 research note on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Stock Up 2.1 %

HBM stock opened at C$12.96 on Thursday. The company’s 50 day simple moving average is C$12.38 and its 200-day simple moving average is C$11.83. The firm has a market capitalization of C$5.10 billion, a P/E ratio of 35.03, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52-week low of C$6.72 and a 52-week high of C$14.33. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85.

Insider Activity

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is owned by company 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.