FY2024 EPS Estimate for Hudbay Minerals Decreased by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Stifel Canada cut their FY2024 EPS estimates for shares of Hudbay Minerals in a note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $0.59 per share for the year, down from their previous estimate of $0.97. 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 $0.17 EPS and FY2026 earnings at $1.45 EPS.

Several other equities analysts have also commented on HBM. Jefferies Financial Group raised their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. National Bankshares boosted their price target on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Scotiabank boosted their price objective on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Price Performance

HBM stock opened at C$11.53 on Monday. Hudbay Minerals has a 1 year low of C$6.72 and a 1 year high of C$14.33. The firm has a 50-day moving average of C$12.33 and a 200 day moving average of C$11.83. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The company has a market cap of C$4.54 billion, a P/E ratio of 31.16, a PEG ratio of 3.97 and a beta of 1.83.

Insider Activity

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. Insiders own 0.07% of the company’s stock.

About Hudbay Minerals

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.