FY2024 EPS Estimates for Hudbay Minerals Boosted by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for Hudbay Minerals in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.73 per share for the year, up from their prior forecast of $0.66. Scotiabank currently has a “Outperform” rating and a $15.00 target price on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals’ FY2025 earnings at $1.10 EPS.

Other analysts have also recently issued reports about the company. National Bankshares upped their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Jefferies Financial Group lifted their target price on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Twelve equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Trading Up 2.7 %

HBM opened at C$12.69 on Thursday. The firm has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company’s 50 day simple moving average is C$12.38 and its two-hundred day simple moving average is C$11.82. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85.

Insider Transactions at Hudbay Minerals

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