Cormark Has Strong Forecast for Hudbay Minerals Q4 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Cormark boosted their Q4 2024 earnings per share (EPS) estimates for Hudbay Minerals in a research note issued on Thursday, November 14th. Cormark analyst S. Ioannou now expects that the mining company will earn $0.50 per share for the quarter, up from their previous forecast of $0.43. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.29 EPS.

Several other research firms have also recently issued reports on HBM. Scotiabank upped their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Stifel Nicolaus raised their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Finally, National Bankshares boosted their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$12.45 on Monday. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The company’s 50-day moving average price is C$12.06 and its two-hundred day moving average price is C$11.91. Hudbay Minerals has a 52 week low of C$5.91 and a 52 week high of C$14.33. The stock has a market cap of C$4.90 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The firm also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were issued a $0.02 dividend. This represents a dividend yield of 0.09%. The ex-dividend date of this dividend was Friday, September 20th. Hudbay Minerals’s payout ratio is currently 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.