Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Investment analysts at National Bank Financial lifted their FY2024 earnings per share estimates for Hudbay Minerals in a research report issued to clients and investors on Monday, October 14th. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $0.50 per share for the year, up from their previous forecast of $0.32. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals' FY2025 earnings at $0.92 EPS.
Other equities analysts have also recently issued reports about the company. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 22nd. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. CIBC boosted their target price on Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an "outperform" rating in a research report on Thursday, June 20th. Scotiabank boosted their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reduced their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$15.54.
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Hudbay Minerals Stock Performance
Shares of TSE:HBM traded up C$0.06 during midday trading on Thursday, reaching C$12.71. 789,932 shares of the company traded hands, compared to its average volume of 1,584,897. 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$5.46 and a 12 month high of C$14.33. The firm has a market capitalization of C$5.00 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The firm's fifty day moving average price is C$11.00 and its two-hundred day moving average price is C$11.52.
Hudbay Minerals Announces Dividend
The firm also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were given 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%.
About Hudbay Minerals
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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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