National Bank Financial Analysts Increase Earnings Estimates for Hudbay Minerals Inc. (NYSE:HBM)

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Analysts at National Bank Financial boosted their FY2024 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 earn $0.37 per share for the year, up from their previous forecast of $0.23. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.49 per share. National Bank Financial also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.68 EPS.

Other equities research analysts have also issued research reports about the company. StockNews.com lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Trading Up 2.7 %

NYSE:HBM opened at $9.20 on Thursday. The business’s 50-day moving average is $8.14 and its two-hundred day moving average is $8.46. The firm has a market capitalization of $3.62 billion, a PE ratio of 39.98 and a beta of 1.77. Hudbay Minerals has a 12 month low of $3.94 and a 12 month high of $10.49. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49.

Hudbay Minerals Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.007 per share. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 3rd. Hudbay Minerals’s dividend payout ratio (DPR) is currently 4.35%.

Institutional Trading of Hudbay Minerals

A number of hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its stake in Hudbay Minerals by 38.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock valued at $45,000 after acquiring an additional 1,806 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hudbay Minerals by 4.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,546 shares of the mining company’s stock valued at $674,000 after purchasing an additional 2,905 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Hudbay Minerals by 32.7% in the 2nd quarter. Ballentine Partners LLC now owns 16,171 shares of the mining company’s stock valued at $146,000 after purchasing an additional 3,983 shares in the last quarter. Strong Tower Advisory Services grew its stake in Hudbay Minerals by 8.0% in the third quarter. Strong Tower Advisory Services now owns 61,842 shares of the mining company’s stock worth $568,000 after purchasing an additional 4,599 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new stake in Hudbay Minerals in the first quarter valued at about $35,000. Institutional investors and hedge funds own 57.82% 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.