Q2 2024 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Decreased by Raymond James

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Raymond James lowered their Q2 2024 EPS estimates for shares of Hudbay Minerals in a report released on Wednesday, April 17th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings of $0.01 per share for the quarter, down from their previous forecast of $0.12. Raymond James currently has a “Outperform” rating and a $11.50 target price 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’ Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.15 EPS.

A number of other equities analysts have also weighed in on HBM. National Bankshares increased their price target on Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a research report on Monday, February 26th. Eight Capital raised their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a report on Monday. Scotiabank boosted their price target on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. CIBC upped their price target on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Bank of America lifted their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$10.85.

Hudbay Minerals Stock Performance

HBM opened at C$10.51 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. The firm has a market cap of C$3.69 billion, a PE ratio of 35.03, a P/E/G ratio of 3.97 and a beta of 1.96. The business has a fifty day simple moving average of C$9.01 and a 200-day simple moving average of C$7.51. 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:HBM) (NYSE:HBM) last posted its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The firm had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million.

Hudbay Minerals Announces Dividend

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

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. In other news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the 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 firm’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 currently owned by company insiders.

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.