FY2024 EPS Estimate for Hudbay Minerals Boosted by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Stifel Canada increased their FY2024 earnings estimates for shares of Hudbay Minerals in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the mining company will earn $0.97 per share for the year, up from their previous forecast of $0.83. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.49 EPS, FY2026 earnings at $1.37 EPS and FY2027 earnings at $1.33 EPS.

A number of other research firms have also issued reports on HBM. Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Scotiabank lifted their target price on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada cut their price target on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, National Bankshares lifted their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Trading Down 2.1 %

Shares of Hudbay Minerals stock opened at C$11.97 on Wednesday. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The company has a market capitalization of C$4.71 billion, a P/E ratio of 32.35, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1 year low of C$6.72 and a 1 year high of C$14.33. The company’s fifty day moving average is C$12.69 and its two-hundred day moving average is C$11.93.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on Tuesday, December 10th. The stock was 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 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.