Stifel Canada Reduces Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Stifel Canada dropped their FY2024 EPS estimates for Hudbay Minerals in a research report issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now expects that the mining company will post earnings per share of $0.59 for the year, down from their previous forecast of $0.97. 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 $0.17 EPS and FY2026 earnings at $1.45 EPS.

Other equities research analysts have also recently issued research reports about the company. National Bankshares upped their price target on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Scotiabank upped their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Trading Up 1.3 %

Shares of HBM opened at C$12.33 on Monday. The firm’s 50-day moving average is C$12.34 and its two-hundred day moving average is C$11.85. Hudbay Minerals has a twelve month low of C$6.72 and a twelve month high of C$14.33. 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 firm has a market capitalization of C$4.85 billion, a P/E ratio of 33.32, a PEG ratio of 3.97 and a beta of 1.83.

Insider Buying and Selling at Hudbay Minerals

In other Hudbay Minerals 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 transaction of C$106,105.36. 0.07% of the stock is owned by 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.