Hudbay Minerals FY2024 EPS Forecast Boosted by Stifel Canada

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Stock analysts at Stifel Canada raised their FY2024 earnings estimates for Hudbay Minerals in a report released on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $0.97 per share for the year, up from their prior estimate of $0.83. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.49 EPS, FY2026 earnings at $1.37 EPS and FY2027 earnings at $1.33 EPS.

HBM has been the topic of several other reports. Scotiabank lifted their price objective on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada dropped their price target 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. National Bankshares increased their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group lifted their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Twelve analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Hudbay Minerals has an average rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Stock Up 0.4 %

HBM stock opened at C$11.40 on Wednesday. Hudbay Minerals has a 52 week low of C$6.72 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 has a 50-day simple moving average of C$12.63 and a 200-day simple moving average of C$11.91. The stock has a market capitalization of C$4.49 billion, a P/E ratio of 30.81, a P/E/G ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is owned by company insiders.

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.