Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Haywood Securities reduced their Q4 2024 earnings per share estimates for shares of Hudbay Minerals in a report released on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now anticipates that the mining company will earn $0.23 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.49 per share.
HBM has been the subject of several other reports. StockNews.com cut Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Jefferies Financial Group upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Wednesday, August 14th. Finally, Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 22nd. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $11.17.
Check Out Our Latest Analysis on Hudbay Minerals
Hudbay Minerals Stock Up 2.1 %
Shares of Hudbay Minerals stock traded up $0.20 on Thursday, hitting $9.53. 3,991,956 shares of the company's stock traded hands, compared to its average volume of 3,113,162. The stock has a market cap of $3.75 billion, a P/E ratio of 41.04 and a beta of 1.77. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average is $8.35 and its 200 day moving average is $8.53. Hudbay Minerals has a 52-week low of $3.94 and a 52-week high of $10.49.
Hudbay Minerals Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.007 per share. This represents a yield of 0.2%. The ex-dividend date was Tuesday, September 3rd. Hudbay Minerals's dividend payout ratio (DPR) is presently 4.35%.
Hedge Funds Weigh In On Hudbay Minerals
Large investors have recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in Hudbay Minerals during the first quarter worth $35,000. Exchange Traded Concepts LLC bought a new stake in Hudbay Minerals in the third quarter valued at $53,000. Banque Cantonale Vaudoise lifted its stake in Hudbay Minerals by 38.7% in the first quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company's stock valued at $45,000 after buying an additional 1,806 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in Hudbay Minerals in the third quarter valued at $92,000. Finally, Ritholtz Wealth Management bought a new stake in Hudbay Minerals in the second quarter valued at $96,000. 57.82% of the stock is currently owned by institutional investors.
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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