Brokers Issue Forecasts for Hudbay Minerals FY2025 Earnings

Key Points

• National Bank Financial has increased its FY2025 earnings per share estimate for Hudbay Minerals from $1.17 to $1.24, surpassing the current consensus of $1.12 per share.
• Hudbay Minerals has received upgrades from multiple analysts, including Goldman Sachs and Scotiabank, with several rating the stock a Buy or Strong Buy.
• The company recently declared a 6.0% dividend yield with a payout ratio of 1.96%, reflecting investor returns despite recent stock performance.

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Stock analysts at National Bank Financial raised their FY2025 EPS estimates for Hudbay Minerals in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $1.24 per share for the year, up from their prior forecast of $1.17. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share.

A number of other equities analysts also recently commented on HBM. The Goldman Sachs Group upgraded shares of Hudbay Minerals to a "buy" rating in a report on Monday, September 8th. Scotiabank boosted their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Veritas upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Bank of America upped their price target on Hudbay Minerals from C$16.00 to C$18.00 in a research report on Friday, August 29th. Finally, TD Securities upped their price target on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$17.25.

Hudbay Minerals Stock Performance

Shares of TSE:HBM opened at C$19.66 on Thursday. The company has a market capitalization of C$7.78 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$20.03. The firm has a 50 day moving average of C$15.70 and a 200 day moving average of C$13.15.

Hudbay Minerals Dividend Announcement

The firm also recently declared a half year 25 dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 19th were issued a $0.01 dividend. This represents a yield of 6.0%. The ex-dividend date was Tuesday, September 2nd. Hudbay Minerals's dividend payout ratio is 1.96%.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.

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