FY2024 EPS Estimate for Hudbay Minerals Boosted by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued on Wednesday, November 13th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.65 per share for the year, up from their prior forecast of $0.50. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.28 EPS and FY2026 earnings at $0.64 EPS.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their price objective on shares of 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. Scotiabank lifted their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group upped their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Finally, National Bankshares lifted their target price 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. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Price Performance

The stock’s fifty day simple moving average is C$12.06 and its 200 day simple moving average is C$11.91. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The stock has a market capitalization of C$5.01 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52 week low of C$5.91 and a 52 week high of C$14.33.

Hudbay Minerals Dividend Announcement

The business also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were issued a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 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.