Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM - Investment analysts at Paradigm Capital boosted their Q4 2024 EPS estimates for shares of Hudbay Minerals in a research note issued on Tuesday, October 22nd. Paradigm Capital analyst J. Woolley now forecasts that the mining company will earn $0.18 per share for the quarter, up from their prior forecast of $0.16. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.49 per share. Paradigm Capital also issued estimates for Hudbay Minerals' FY2028 earnings at $0.94 EPS.
HBM has been the topic of a number of other reports. StockNews.com cut Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Jefferies Financial Group upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 22nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $11.17.
Read Our Latest Analysis on Hudbay Minerals
Hudbay Minerals Stock Performance
Shares of NYSE HBM traded up $0.10 during mid-day trading on Friday, hitting $9.63. The company had a trading volume of 2,813,310 shares, compared to its average volume of 3,112,423. Hudbay Minerals has a 12 month low of $3.94 and a 12 month high of $10.49. The firm has a market cap of $3.79 billion, a P/E ratio of 41.74 and a beta of 1.77. The business's 50-day simple moving average is $8.38 and its 200-day simple moving average is $8.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49.
Hudbay Minerals Cuts Dividend
The company also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were paid a $0.007 dividend. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, September 3rd. Hudbay Minerals's dividend payout ratio (DPR) is currently 4.35%.
Institutional Investors Weigh In On Hudbay Minerals
Large investors have recently bought and sold shares of the business. Register Financial Advisors LLC bought a new position in shares of Hudbay Minerals in the first quarter worth about $35,000. Exchange Traded Concepts LLC acquired a new position in Hudbay Minerals during the 3rd quarter worth $53,000. Clear Harbor Asset Management LLC bought a new position in Hudbay Minerals in the 3rd quarter valued at $92,000. Ritholtz Wealth Management acquired a new stake in shares of Hudbay Minerals in the 2nd quarter valued at $96,000. Finally, Armistice Capital LLC bought a new stake in shares of Hudbay Minerals during the second quarter worth $97,000. 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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