Q4 EPS Estimates for Hudbay Minerals Decreased by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Haywood Securities decreased their Q4 2024 earnings estimates for Hudbay Minerals in a report issued on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now forecasts that the mining company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.35. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

HBM has been the topic of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Scotiabank boosted their price target on shares of 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. Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group cut their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Stock Performance

TSE HBM opened at C$12.91 on Thursday. The company’s 50 day moving average is C$11.31 and its 200-day moving average is C$11.64. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$14.33. 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 firm has a market cap of C$5.08 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The company also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were issued a $0.02 dividend. This represents a dividend yield of 0.09%. The ex-dividend date was Friday, September 20th. Hudbay Minerals’s dividend payout ratio is currently 5.41%.

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.