Q3 EPS Estimates for Hudbay Minerals Cut by Raymond James

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Raymond James cut their Q3 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued to investors on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.08 for the quarter, down from their previous estimate of $0.16. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. Raymond James also issued estimates for Hudbay Minerals' Q4 2024 earnings at $0.39 EPS.

Several other brokerages have also weighed in on HBM. National Bankshares lifted their target price 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. Jefferies Financial Group upped their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Canaccord Genuity Group lowered their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 22nd. Finally, Stifel Nicolaus raised their price target on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a "buy" rating in a report on Monday, July 22nd. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$15.54.

Hudbay Minerals Stock Performance

HBM stock traded down C$0.05 during midday trading on Monday, hitting C$13.32. The stock had a trading volume of 1,481,293 shares, compared to its average volume of 1,579,773. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The stock has a 50-day simple moving average of C$11.44 and a 200 day simple moving average of C$11.70. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$14.33.

Hudbay Minerals Announces Dividend

The firm also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were paid a dividend of $0.02 per share. This represents a dividend yield of 0.09%. The ex-dividend date was Friday, September 20th. Hudbay Minerals's dividend payout ratio (DPR) is 5.41%.

About Hudbay Minerals

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.