Cormark Has Bullish Estimate for Hudbay Minerals Q4 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Cormark boosted their Q4 2024 earnings per share estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Thursday, November 14th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.50 for the quarter, up from their previous estimate of $0.43. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.29 EPS.

A number of other equities research analysts have also commented on HBM. Jefferies Financial Group raised their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Scotiabank upped their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. 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. 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 research report on Tuesday, October 15th. Finally, Canaccord Genuity Group cut their target price on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Stock Up 3.7 %

TSE:HBM opened at C$12.45 on Monday. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The stock has a 50-day moving average price of C$12.06 and a two-hundred day moving average price of C$11.91. Hudbay Minerals has a 1 year low of C$5.91 and a 1 year high of C$14.33. The stock has a market cap 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.

Hudbay Minerals Dividend Announcement

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