FY2024 EPS Estimates for Hudbay Minerals Raised by Analyst

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for Hudbay Minerals in a report issued on Wednesday, November 13th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings per share of $0.65 for the year, up from their prior forecast of $0.50. 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 $0.25 EPS, Q1 2025 earnings at $0.28 EPS and FY2026 earnings at $0.64 EPS.

Other analysts have also issued research reports about the stock. National Bankshares increased their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. 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 report on Monday, July 22nd. Royal Bank of Canada dropped 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 research note on Tuesday, September 10th. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group lowered their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Twelve investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$15.54.

Hudbay Minerals Stock Performance

Shares of HBM stock traded up C$0.44 on Monday, reaching C$12.45. The stock had a trading volume of 933,369 shares, compared to its average volume of 1,579,956. The firm has a market capitalization of C$4.90 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 12 month low of C$5.91 and a 12 month high of C$14.33. The firm's 50-day moving average is C$12.06 and its two-hundred day moving average is C$11.91.

Hudbay Minerals Announces Dividend

The firm also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were issued a dividend of $0.02 per share. This represents a yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals's payout ratio is 5.41%.

Hudbay Minerals Company Profile

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.