FY2024 EPS Estimates for Hudbay Minerals Lowered by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Stifel Canada dropped their FY2024 earnings per share estimates for Hudbay Minerals in a research report issued to clients and investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $0.59 per share for the year, down from their prior forecast of $0.97. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.17 EPS and FY2026 earnings at $1.45 EPS.

Several other analysts also recently issued reports on HBM. Scotiabank raised their price objective on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, National Bankshares boosted their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$11.53 on Monday. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. Hudbay Minerals has a one year low of C$6.72 and a one year high of C$14.33. The stock has a market cap of C$4.54 billion, a price-to-earnings ratio of 31.16, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The stock has a 50 day moving average price of C$12.33 and a 200-day moving average price of C$11.83.

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

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.