Brokers Offer Predictions for Hudbay Minerals Q4 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Stock analysts at Haywood Securities reduced their Q4 2024 EPS estimates for shares of Hudbay Minerals in a research note issued to investors on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now forecasts that the mining company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.35. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other brokerages have also recently weighed in on HBM. Canaccord Genuity Group lowered their price target on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada lowered their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Eight Capital boosted their price target on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. Finally, Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Trading Down 2.5 %

Shares of HBM opened at C$12.91 on Thursday. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The firm’s fifty day moving average is C$11.31 and its two-hundred day moving average is C$11.64. The stock has a market cap of C$5.08 billion, a PE ratio of 34.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s payout ratio is 5.41%.

Hudbay Minerals Company Profile

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.