Hudbay Minerals Q4 EPS Forecast Boosted by Paradigm Capital

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Stock analysts at Paradigm Capital upped their Q4 2024 earnings per share estimates for Hudbay Minerals in a research note issued to investors on Tuesday, October 22nd. Paradigm Capital analyst J. Woolley now forecasts that the mining company will post earnings of $0.25 per share for the quarter, up from their previous forecast of $0.22. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Paradigm Capital also issued estimates for Hudbay Minerals’ FY2028 earnings at $1.30 EPS.

A number of other equities research analysts also recently commented on HBM. Scotiabank lifted their target price on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Eight Capital boosted their price target on Hudbay Minerals from C$14.50 to C$18.00 in a report on Thursday, July 11th. National Bankshares lifted their price target on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Twelve analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$13.20 on Friday. The company has a market capitalization of C$5.20 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a one year low of C$5.46 and a one year high of C$14.33. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The company’s 50-day moving average is C$11.38 and its 200 day moving average is C$11.66.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, September 20th were given a $0.02 dividend. The ex-dividend date was Friday, September 20th. This represents a dividend yield of 0.09%. Hudbay Minerals’s payout ratio is 5.41%.

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.