Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Haywood Securities dropped their Q4 2024 earnings per share estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now forecasts that the mining company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.35. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share.
A number of other equities analysts have also recently commented on the stock. National Bankshares upped their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Stifel Nicolaus upped their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Jefferies Financial Group upped their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Finally, Royal Bank of Canada decreased their price objective 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 analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$15.54.
Check Out Our Latest Report on HBM
Hudbay Minerals Stock Performance
Shares of HBM traded up C$0.29 during midday trading on Thursday, reaching C$13.20. 1,429,347 shares of the stock were exchanged, compared to its average volume of 1,582,429. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$14.33. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The company has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 3.97 and a beta of 1.83. The business's 50-day moving average price is C$11.31 and its 200 day moving average price is C$11.64.
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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