Equities Analysts Offer Predictions for Hudbay Minerals Inc.’s Q3 2021 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Stock analysts at Raymond James decreased their Q3 2021 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Wednesday, October 13th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.10 per share for the quarter, down from their previous estimate of $0.11. Raymond James currently has a “Outperform” rating and a $12.00 price target on the stock. Raymond James also issued estimates for Hudbay Minerals’ FY2021 earnings at $0.15 EPS, Q1 2022 earnings at $0.34 EPS and Q3 2022 earnings at $0.32 EPS.

HBM has been the topic of a number of other research reports. CIBC reaffirmed an “outperform” rating and set a C$15.00 price objective on shares of Hudbay Minerals in a research report on Tuesday. National Bankshares raised Hudbay Minerals from a “sector perform” rating to an “outperform” rating and lowered their price target for the stock from C$14.00 to C$12.50 in a report on Friday, September 10th. Credit Suisse Group lowered their price target on Hudbay Minerals to C$11.50 and set an “outperform” rating for the company in a report on Wednesday, August 25th. TD Securities lowered their price target on Hudbay Minerals from C$14.00 to C$13.00 and set a “na” rating for the company in a report on Wednesday, June 30th. Finally, Bank of America lowered their price target on Hudbay Minerals from C$12.60 to C$8.60 and set a “na” rating for the company in a report on Wednesday, September 22nd. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$12.54.

Shares of HBM stock opened at C$8.69 on Thursday. Hudbay Minerals has a 1-year low of C$5.79 and a 1-year high of C$11.62. The stock’s 50-day moving average is C$7.75 and its 200 day moving average is C$8.54. The company has a market cap of C$2.27 billion and a P/E ratio of -22.75. The company has a debt-to-equity ratio of 75.29, a current ratio of 1.50 and a quick ratio of 1.08.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Monday, August 9th. The mining company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.08). The company had revenue of C$496.68 million during the quarter, compared to the consensus estimate of C$485.80 million.

The company also recently announced a Semi-Annual dividend, which was paid on Friday, September 24th. Investors of record on Friday, September 3rd were issued a dividend of $0.01 per share. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Thursday, September 2nd. Hudbay Minerals’s dividend payout ratio (DPR) is -4.07%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.

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Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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