FY2024 EPS Estimates for Hudbay Minerals Reduced by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Raymond James decreased their FY2024 earnings estimates for Hudbay Minerals in a research note issued on Wednesday, October 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.70 for the year, down from their previous estimate of $0.87. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other research firms have also weighed in on HBM. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Jefferies Financial Group lifted their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Royal Bank of Canada lowered their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Stifel Nicolaus raised their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Twelve analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Stock Performance

TSE HBM opened at C$13.20 on Friday. The company has a 50-day simple moving average of C$11.38 and a two-hundred day simple moving average of C$11.66. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$14.33. The firm has a market cap of C$5.20 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were issued a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s dividend payout ratio (DPR) is 5.41%.

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.