Raymond James Forecasts Weaker Earnings for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Raymond James cut their Q1 2025 earnings per share estimates for shares of Hudbay Minerals in a research note issued on Tuesday, April 15th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.09 per share for the quarter, down from their previous estimate of $0.13. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Other analysts have also recently issued research reports about the stock. Desjardins upgraded shares of Hudbay Minerals to a “moderate buy” rating in a report on Thursday, April 3rd. Stifel Nicolaus boosted their price objective 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. Royal Bank of Canada upped their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, March 13th. Canaccord Genuity Group lowered their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Jefferies Financial Group upped their price target on Hudbay Minerals from C$14.00 to C$17.00 in a research note on Friday, April 4th. Twelve investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of C$15.64.

Hudbay Minerals Price Performance

Shares of HBM stock opened at C$9.74 on Thursday. The business’s fifty day moving average is C$10.71 and its 200 day moving average is C$11.88. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$2.70 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a twelve month low of C$8.49 and a twelve month high of C$14.33.

Insiders Place Their Bets

In other news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Over the last ninety days, insiders have acquired 11,800 shares of company stock worth $127,418. Company insiders own 0.07% of the company’s stock.

Hudbay Minerals Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were paid a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.63%.

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.