Research Analysts Set Expectations for Hudbay Minerals Inc.’s Q3 2024 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Raymond James upped their Q3 2024 EPS estimates for shares of Hudbay Minerals in a report issued on Monday, September 23rd. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.16 per share for the quarter, up from their previous estimate of $0.15. Raymond James also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.49 EPS, Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS, Q4 2025 earnings at $0.35 EPS and FY2025 earnings at $1.40 EPS.

Several other research analysts also recently commented on HBM. Canaccord Genuity Group reduced their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Royal Bank of Canada reduced their target price on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. CIBC boosted their price target on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Finally, National Bankshares decreased their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Wednesday, August 14th. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$15.34.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$12.70 on Wednesday. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The business has a 50 day simple moving average of C$10.57 and a two-hundred day simple moving average of C$11.22. The stock has a market capitalization of C$5.00 billion, a P/E ratio of 34.32, a PEG ratio of 3.97 and a beta of 1.82. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$14.33.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were issued a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 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.