Haywood Securities Comments on Hudbay Minerals Q4 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Haywood Securities lowered their Q4 2024 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, October 21st. Haywood Securities analyst P. Vaillancourt now expects that the mining company will earn $0.32 per share for the quarter, down from their previous forecast of $0.35. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other analysts also recently issued reports on HBM. National Bankshares upped their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Jefferies Financial Group upped their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Scotiabank upped their price objective on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Stifel Nicolaus upped their price objective 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. Finally, Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$13.37 on Thursday. The company’s fifty day moving average is C$11.44 and its 200-day moving average is C$11.69. 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$5.26 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth 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 announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were given a dividend of $0.02 per share. This represents a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 5.41%.

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.