Hudbay Minerals FY2024 EPS Lifted by National Bank Financial

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at National Bank Financial increased their FY2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report issued on Wednesday, November 13th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $0.65 for the year, up from their previous forecast of $0.50. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.25 EPS, Q1 2025 earnings at $0.28 EPS and FY2026 earnings at $0.64 EPS.

HBM has been the topic of several other research reports. National Bankshares increased their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Stifel Nicolaus increased their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Scotiabank increased their price objective on 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 Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Canaccord Genuity Group decreased their price target on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Stock Up 3.7 %

HBM stock opened at C$12.45 on Monday. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The stock has a market capitalization of C$4.90 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.97 and a beta of 1.83. The business’s fifty day moving average price is C$12.06 and its two-hundred day moving average price is C$11.91. Hudbay Minerals has a fifty-two week low of C$5.91 and a fifty-two week high of C$14.33.

Hudbay Minerals Announces Dividend

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

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.