Hudbay Minerals Inc. (TSE:HBM – Free Report) (NYSE:HBM) – Research analysts at Raymond James raised their Q2 2024 EPS estimates for shares of Hudbay Minerals in a note issued to investors on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.01. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.68 per share. Raymond James also issued estimates for Hudbay Minerals’ Q3 2024 earnings at $0.14 EPS, Q4 2024 earnings at $0.33 EPS and FY2024 earnings at $0.67 EPS.
Several other equities research analysts have also issued reports on HBM. Scotiabank lifted their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Eight Capital lifted their price objective on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the company a “buy” rating in a research note on Monday. Bank of America lifted their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. CIBC lifted their target price 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. Finally, Canaccord Genuity Group lifted their target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Moderate Buy” and an average price target of C$11.06.
Hudbay Minerals Stock Up 4.7 %
HBM stock opened at C$11.10 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.20. The company has a fifty day simple moving average of C$9.15 and a 200 day simple moving average of C$7.56. The firm has a market cap of C$3.89 billion, a PE ratio of 37.00, a PEG ratio of 3.97 and a beta of 1.96.
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last released its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The business had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million.
Hudbay Minerals Announces Dividend
The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a dividend yield of 0.13%. Hudbay Minerals’s payout ratio is 6.67%.
Insider Transactions at Hudbay Minerals
In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. Insiders own 0.07% of the company’s stock.
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.
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