Q2 2024 EPS Estimates for Hudbay Minerals Inc. Increased by Raymond James (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Raymond James boosted their Q2 2024 EPS estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.11 per share for the quarter, up from their prior estimate 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.

A number of other equities research analysts have also recently commented on HBM. National Bankshares increased their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a “sector perform” rating in a report on Monday, February 26th. CIBC increased their price target on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Eight Capital increased their price target on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Canaccord Genuity Group raised their price objective on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Bank of America raised their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Hudbay Minerals currently has an average rating of “Moderate Buy” and a consensus price target of C$11.06.

Hudbay Minerals Stock Performance

TSE HBM opened at C$11.80 on Thursday. The firm has a market cap of C$4.14 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 3.97 and a beta of 1.96. The company has a quick ratio of 0.85, a current ratio of 1.25 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$11.82. The company has a 50-day simple moving average of C$9.23 and a two-hundred day simple moving average of C$7.59.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million.

Hudbay Minerals Announces Dividend

The company also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a dividend of $0.02 per share. This represents a yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.67%.

Insiders Place Their Bets

In other news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the 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. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.07% of the stock is currently owned by company insiders.

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.