Analysts Offer Predictions for Hudbay Minerals Inc.’s Q2 2024 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Raymond James lowered their Q2 2024 EPS estimates for Hudbay Minerals in a report released on Wednesday, April 17th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.01 per share for the quarter, down from their previous forecast of $0.12. Raymond James has a “Outperform” rating and a $11.50 price objective on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.68 per share. Raymond James also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.22 EPS and FY2025 earnings at $1.15 EPS.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The firm had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million.

HBM has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price objective on Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Bank of America upped their price target on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Scotiabank lifted their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Finally, Eight Capital increased their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$10.85.

Hudbay Minerals Stock Up 0.4 %

Hudbay Minerals stock opened at C$10.55 on Monday. The company has a market capitalization of C$3.70 billion, a P/E ratio of 35.17, a PEG ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$11.05. The stock has a 50-day simple moving average of C$9.08 and a 200-day simple moving average of C$7.54.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, March 22nd were paid a $0.02 dividend. The ex-dividend date was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals’s payout ratio is currently 6.67%.

Insider Buying and Selling at Hudbay Minerals

In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total value of C$117,188.99. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total value of C$117,188.99. 0.07% of the stock is currently owned by insiders.

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.