Q1 2024 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Cut by Analyst

Hudbay Minerals Inc. (TSE:HBMFree Report) (NYSE:HBM) – Equities researchers at Raymond James decreased their Q1 2024 earnings per share estimates for shares of Hudbay Minerals in a research note issued to investors on Wednesday, April 17th. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.11. Raymond James has a “Outperform” rating and a $11.50 price objective on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.68 per share. Raymond James also issued estimates for Hudbay Minerals’ Q3 2024 earnings at $0.06 EPS and FY2024 earnings at $0.39 EPS.

HBM has been the topic of a number of other reports. CIBC boosted their price target on Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank boosted their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Bank of America boosted their price target on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$11.25 price target on Hudbay Minerals and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$10.48.

Check Out Our Latest Stock Analysis on Hudbay Minerals

Hudbay Minerals Stock Performance

Hudbay Minerals stock opened at C$10.72 on Friday. The stock’s 50 day simple moving average is C$8.94 and its two-hundred day simple moving average is C$7.47. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. The stock has a market cap of C$3.76 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$11.05.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last posted its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The business had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%.

Insider Buying and Selling

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.07% of the stock is owned by company insiders.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a $0.02 dividend. The ex-dividend date was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals’s payout ratio is currently 6.67%.

About Hudbay Minerals

(Get Free Report)

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.

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Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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