Raymond James Weighs in on Hudbay Minerals Inc.’s Q1 2021 Earnings (TSE:HBM)


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Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at Raymond James boosted their Q1 2021 EPS estimates for shares of Hudbay Minerals in a research note issued to investors on Monday, April 5th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.11 per share for the quarter, up from their prior forecast of $0.09. Raymond James currently has a “Outperform” rating and a $13.00 price target on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q1 2022 earnings at $0.26 EPS, Q2 2022 earnings at $0.21 EPS, Q3 2022 earnings at $0.23 EPS and Q4 2022 earnings at $0.24 EPS.

A number of other analysts have also issued reports on the company. Bank of America raised Hudbay Minerals from an “underperform” rating to a “buy” rating and lifted their target price for the stock from C$10.60 to C$12.20 in a research report on Tuesday. Canaccord Genuity dropped their price objective on Hudbay Minerals from C$12.00 to C$11.00 and set a “strong-buy” rating on the stock in a report on Tuesday, March 30th. CIBC upped their target price on Hudbay Minerals from C$10.75 to C$13.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. BMO Capital Markets raised their price target on shares of Hudbay Minerals from C$11.00 to C$12.00 in a research report on Tuesday, February 23rd. Finally, Eight Capital upped their price target on shares of Hudbay Minerals to C$12.50 and gave the company a “buy” rating in a report on Friday, January 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$12.30.

TSE:HBM opened at C$9.97 on Wednesday. The company has a debt-to-equity ratio of 70.55, a current ratio of 1.68 and a quick ratio of 1.32. The firm has a 50-day moving average of C$9.04 and a two-hundred day moving average of C$7.93. The stock has a market cap of C$2.61 billion and a P/E ratio of -18.03. Hudbay Minerals has a 1-year low of C$2.79 and a 1-year high of C$10.58.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Thursday, February 18th. The mining company reported C($0.08) earnings per share for the quarter, beating the consensus estimate of C($0.10) by C$0.02. The firm had revenue of C$420.07 million during the quarter, compared to analysts’ expectations of C$367.89 million.

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, March 26th. Stockholders of record on Tuesday, March 9th were given a $0.01 dividend. The ex-dividend date was Monday, March 8th. This represents a dividend yield of 0.1%. Hudbay Minerals’s payout ratio is currently -2.66%.

In related news, Senior Officer Cashel Aran Meagher sold 7,215 shares of the business’s stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of C$9.93, for a total transaction of C$71,644.95. Following the completion of the sale, the insider now owns 108,896 shares of the company’s stock, valued at approximately C$1,081,337.28.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.

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Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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