Hudbay Minerals FY2024 EPS Cut by National Bank Financial

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Equities research analysts at National Bank Financial decreased their FY2024 earnings estimates for Hudbay Minerals in a research note issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings per share of $0.59 for the year, down from their previous estimate of $0.66. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals' Q4 2024 earnings at $0.16 EPS, FY2025 earnings at $0.80 EPS, FY2027 earnings at $0.56 EPS and FY2029 earnings at $1.53 EPS.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus boosted their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a research note on Thursday, January 30th. National Bankshares increased their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of C$15.57.

Hudbay Minerals Trading Up 3.4 %

Hudbay Minerals stock traded up C$0.46 during mid-day trading on Friday, hitting C$13.81. The company's stock had a trading volume of 1,607,206 shares, compared to its average volume of 1,321,681. The business has a 50 day moving average price of C$12.32 and a 200-day moving average price of C$11.81. Hudbay Minerals has a 12 month low of C$6.72 and a 12 month high of C$14.33. The stock has a market cap of C$5.44 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. 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 Buying and Selling at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the 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.

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.