Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Equities researchers at Cormark upped their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report released on Thursday, November 14th. Cormark analyst S. Ioannou now expects that the mining company will earn $0.50 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. Cormark also issued estimates for Hudbay Minerals' Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.29 EPS.
Other research analysts also recently issued reports about the company. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. National Bankshares raised their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 22nd. Stifel Nicolaus upped their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a "buy" rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada decreased 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 investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals currently has an average rating of "Buy" and an average price target of C$15.54.
Read Our Latest Research Report on HBM
Hudbay Minerals Stock Up 3.2 %
Shares of Hudbay Minerals stock traded up C$0.39 on Monday, reaching C$12.40. 463,437 shares of the company were exchanged, compared to its average volume of 1,577,849. The company has a market capitalization of C$4.88 billion, a price-to-earnings ratio of 32.46, a PEG 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 company has a 50-day moving average of C$12.01 and a 200 day moving average of C$11.90. Hudbay Minerals has a one year low of C$5.91 and a one year high of C$14.33.
Hudbay Minerals Dividend Announcement
The company also recently declared a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were issued a dividend of $0.02 per share. The ex-dividend date was Friday, September 20th. This represents a dividend yield of 0.09%. 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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