Raymond James Expects Weaker Earnings for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research report issued on Thursday, February 6th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.27 per share for the quarter, down from their prior estimate of $0.38. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

HBM has been the subject of several other reports. Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday, January 30th. National Bankshares raised their price objective 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. Twelve 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 MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$15.57.

Hudbay Minerals Price Performance

TSE:HBM opened at C$13.71 on Monday. Hudbay Minerals has a 12-month low of C$6.72 and a 12-month high of C$14.33. The firm has a market cap of C$5.40 billion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company’s 50-day moving average is C$12.34 and its two-hundred day moving average is C$11.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37.

Insider Buying and Selling

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction 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 corporate 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.