Hudbay Minerals FY2024 EPS Lifted by National Bank Financial

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report released on Wednesday, November 13th. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.65 per share for the year, up from their prior estimate of $0.50. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.28 EPS and FY2026 earnings at $0.64 EPS.

A number of other analysts have also recently issued reports on HBM. Royal Bank of Canada lowered their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Stifel Nicolaus increased their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Jefferies Financial Group increased their target price on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Scotiabank upped their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Canaccord Genuity Group reduced their price target on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Price Performance

TSE HBM opened at C$12.45 on Monday. The business has a 50 day simple moving average of C$12.06 and a 200 day simple moving average of C$11.91. Hudbay Minerals has a 52-week low of C$5.91 and a 52-week high of C$14.33. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The stock has a market cap of C$4.90 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The business also recently disclosed 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 presently 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.