Scotiabank Decreases Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Scotiabank dropped their FY2027 earnings per share estimates for shares of Hudbay Minerals in a note issued to investors on Thursday, October 22nd. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will earn $2.77 per share for the year, down from their previous estimate of $2.80. Scotiabank has a “Sector Outperform” rating and a $43.00 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other equities analysts have also recently commented on HBM. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. ATB Cormark Capital Markets increased their price objective on shares of Hudbay Minerals from C$35.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research note on Thursday, July 30th. Haywood Securities raised their price objective on shares of Hudbay Minerals from C$43.00 to C$45.00 in a research note on Wednesday, September 30th. Finally, BMO Capital Markets dropped their target price on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$42.58.

Hudbay Minerals Trading Up 1.0%

Shares of HBM opened at C$31.08 on Monday. Hudbay Minerals has a twelve month low of C$20.26 and a twelve month high of C$44.48. The company has a market cap of C$13.80 billion, a P/E ratio of 19.09, a P/E/G ratio of 3.97 and a beta of 2.37. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. The company’s fifty day simple moving average is C$37.25 and its 200-day simple moving average is C$34.47.

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

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, September 8th. Hudbay Minerals’s dividend payout ratio (DPR) is 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.