FY2024 Earnings Forecast for Hudbay Minerals Inc. (TSE:HBM) Issued By Cormark

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Cormark raised their FY2024 earnings estimates for shares of Hudbay Minerals in a report released on Monday, April 29th. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.72 per share for the year, up from their prior forecast of $0.63. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.69 per share. Cormark also issued estimates for Hudbay Minerals’ FY2025 earnings at $0.82 EPS and FY2026 earnings at $0.23 EPS.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%.

A number of other equities research analysts have also weighed in on HBM. Raymond James lifted their price objective on Hudbay Minerals from C$11.50 to C$14.00 in a research report on Wednesday, April 24th. CIBC upped their price objective on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Jefferies Financial Group set a C$13.00 target price on shares of Hudbay Minerals and gave the stock a “hold” rating in a research report on Friday. Bank of America boosted their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Finally, Scotiabank raised their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$11.21.

Hudbay Minerals Stock Up 0.5 %

Shares of TSE:HBM opened at C$11.44 on Thursday. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$12.06. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The stock’s 50-day moving average is C$9.66 and its 200 day moving average is C$7.77. The company has a market cap of C$4.02 billion, a PE ratio of 39.45, a P/E/G ratio of 3.97 and a beta of 2.02.

Hudbay Minerals Announces Dividend

The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.02 per share. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s payout ratio is 6.90%.

Insider Buying and Selling

In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.08% of the stock is currently owned by company insiders.

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.