Q4 2024 EPS Estimates for Hudbay Minerals Inc. Increased by Analyst (NYSE:HBM)

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Equities research analysts at Raymond James increased their Q4 2024 EPS estimates for shares of Hudbay Minerals in a report released on Monday, April 22nd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.24 per share for the quarter, up from their previous estimate of $0.16. Raymond James currently has a “Outperform” rating and a $10.50 target price on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.42 per share.

Several other brokerages have also weighed in on HBM. StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, March 29th. Stifel Nicolaus assumed coverage on shares of Hudbay Minerals in a research report on Tuesday, March 26th. They set a “buy” rating for the company. Finally, Bank of America raised Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Tuesday, April 9th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $9.75.

Hudbay Minerals Stock Up 5.0 %

Shares of NYSE:HBM opened at $8.13 on Wednesday. The business has a 50-day moving average price of $6.79 and a 200 day moving average price of $5.60. Hudbay Minerals has a 12-month low of $3.94 and a 12-month high of $8.18. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 40.63, a PEG ratio of 0.79 and a beta of 1.95.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Friday, February 23rd. The mining company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $552.74 million. Hudbay Minerals had a return on equity of 3.86% and a net margin of 3.95%. The company’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share.

Hudbay Minerals Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 5th were issued a $0.0074 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a yield of 0.3%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.00%.

Institutional Investors Weigh In On Hudbay Minerals

Hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new stake in shares of Hudbay Minerals during the first quarter worth approximately $35,000. U S Global Investors Inc. acquired a new position in Hudbay Minerals during the 3rd quarter worth approximately $29,000. Banque Cantonale Vaudoise grew its holdings in Hudbay Minerals by 38.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock worth $45,000 after acquiring an additional 1,806 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Hudbay Minerals in the 1st quarter valued at $85,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Hudbay Minerals during the 1st quarter worth $130,000. Institutional investors and hedge funds own 57.82% 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.