Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Scotiabank lifted their FY2024 earnings estimates for Hudbay Minerals in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings per share of $0.73 for the year, up from their prior estimate of $0.66. Scotiabank currently has a "Outperform" rating and a $15.00 target price on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals' FY2025 earnings at $1.10 EPS.
Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. National Bankshares increased their price target on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an "outperform" rating in a report on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hudbay Minerals currently has an average rating of "Buy" and a consensus target price of C$15.54.
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Hudbay Minerals Stock Performance
TSE:HBM traded up C$0.27 during trading hours on Thursday, reaching C$12.96. 522,992 shares of the company's stock were exchanged, compared to its average volume of 1,307,439. 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 capitalization of C$5.10 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33. The company has a 50-day moving average of C$12.38 and a 200 day moving average of C$11.83.
Insider Buying and Selling
In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Insiders own 0.07% of the company's stock.
Hudbay Minerals Company Profile
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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.
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