Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - National Bank Financial lowered their Q3 2024 earnings estimates for Hudbay Minerals in a research note issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.01 for the quarter, down from their prior forecast of $0.04. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share.
HBM has been the subject of a number of other research reports. Jefferies Financial Group increased their price target on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Scotiabank boosted their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 22nd. National Bankshares lifted their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an "outperform" rating in a report on Tuesday. Finally, CIBC raised their price target on Hudbay Minerals from C$14.50 to C$15.50 and gave the company an "outperform" rating in a research report on Thursday, June 20th. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$15.54.
Check Out Our Latest Report on HBM
Hudbay Minerals Price Performance
Hudbay Minerals stock traded up C$0.30 during midday trading on Wednesday, reaching C$12.65. The company's stock had a trading volume of 811,458 shares, compared to its average volume of 1,588,872. The firm has a market capitalization of C$4.98 billion, a PE ratio of 34.19, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$14.33. The stock's 50 day simple moving average is C$11.00 and its 200 day simple moving average is C$11.52. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87.
Hudbay Minerals Announces Dividend
The company also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals's payout ratio is currently 5.41%.
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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