Scotiabank Lowers Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued on Thursday, October 1st. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $2.80 per share for the year, down from their previous estimate of $2.83. Scotiabank currently has a “Sector Outperform” rating and a $43.00 target price on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The business had revenue of C$896.94 million for the quarter.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus increased their target price on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Haywood Securities boosted their price target on shares of Hudbay Minerals from C$43.00 to C$45.00 in a report on Wednesday, September 30th. Canaccord Genuity Group decreased their price target on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a report on Thursday, July 30th. ATB Cormark Capital Markets lowered their price objective on shares of Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, Raymond James Financial raised their price objective on Hudbay Minerals from C$42.00 to C$43.00 in a research note on Wednesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$42.26.

Hudbay Minerals Stock Down 1.4%

Shares of TSE HBM opened at C$38.38 on Monday. The stock has a market cap of C$17.05 billion, a P/E ratio of 23.57, a P/E/G ratio of 3.97 and a beta of 2.37. The firm has a 50 day moving average price of C$37.68 and a 200 day moving average price of C$34.94. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. Hudbay Minerals has a 52-week low of C$20.26 and a 52-week high of C$44.48.

Hudbay Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Hudbay Minerals’s payout ratio is presently 1.32%.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.