Stifel Canada Lifts Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Stifel Canada upped their FY2027 earnings per share estimates for shares of Hudbay Minerals in a note issued to investors on Monday, December 16th. Stifel Canada analyst C. Mcgill now anticipates that the mining company will post earnings per share of $1.34 for the year, up from their prior estimate of $1.33. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Stifel Canada also issued estimates for Hudbay Minerals’ FY2028 earnings at $1.54 EPS.

A number of other brokerages have also recently commented on HBM. Jefferies Financial Group raised their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. National Bankshares raised their target price on 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. Scotiabank increased their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, 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. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Stock Up 0.4 %

Hudbay Minerals stock opened at C$11.40 on Thursday. The business’s 50-day moving average price is C$12.63 and its 200 day moving average price is C$11.91. 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 market cap of C$4.49 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52 week low of C$6.72 and a 52 week high of C$14.33.

Insider Activity at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. Insiders own 0.07% of the company’s stock.

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.