Q4 2024 Earnings Estimate for Hudbay Minerals Inc. (NYSE:HBM) Issued By Raymond James

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Stock analysts at Raymond James boosted their Q4 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a note issued to investors on Monday, April 22nd. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.24 per share for the quarter, up from their previous forecast of $0.16. Raymond James currently has a “Outperform” rating and a $10.50 target price on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.44 per share.

A number of other brokerages have also recently weighed in on HBM. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Stifel Nicolaus started coverage on shares of Hudbay Minerals in a research note on Tuesday, March 26th. They set a “buy” rating on the stock. Finally, Bank of America raised shares of Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, April 9th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Hudbay Minerals has an average rating of “Buy” and an average price target of $9.75.

Hudbay Minerals Stock Up 0.7 %

Hudbay Minerals stock opened at $7.73 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.25. The firm has a 50 day moving average price of $6.68 and a 200 day moving average price of $5.57. Hudbay Minerals has a fifty-two week low of $3.94 and a fifty-two week high of $8.11. The company has a market capitalization of $2.71 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.95.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Friday, February 23rd. The mining company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Hudbay Minerals had a net margin of 3.95% and a return on equity of 3.86%. The business had revenue of $602.20 million during the quarter, compared to analysts’ expectations of $552.74 million. During the same period last year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was up 87.5% on a year-over-year basis.

Institutional Investors Weigh In On Hudbay Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. U S Global Investors Inc. purchased a new position in Hudbay Minerals in the third quarter valued at $29,000. Register Financial Advisors LLC acquired a new stake in shares of Hudbay Minerals during the 1st quarter worth about $35,000. Banque Cantonale Vaudoise boosted its holdings in Hudbay Minerals by 38.7% in the first quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock valued at $45,000 after purchasing an additional 1,806 shares in the last quarter. Ballentine Partners LLC acquired a new position in Hudbay Minerals in the first quarter valued at approximately $85,000. Finally, Bank of Nova Scotia increased its stake in Hudbay Minerals by 19.1% in the third quarter. Bank of Nova Scotia now owns 24,843 shares of the mining company’s stock valued at $121,000 after purchasing an additional 3,979 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Hudbay Minerals Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.0074 per share. This represents a yield of 0.3%. The ex-dividend date was Monday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.00%.

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.