Q1 2024 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Reduced by Analyst

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Equities research analysts at Raymond James decreased their Q1 2024 EPS estimates for shares of Hudbay Minerals in a research note issued on Wednesday, April 17th. Raymond James analyst F. Hamed now anticipates that the mining company will earn $0.10 per share for the quarter, down from their previous forecast of $0.11. Raymond James has a "Outperform" rating and a $11.50 price target 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' Q3 2024 earnings at $0.06 EPS and FY2024 earnings at $0.39 EPS.

HBM has been the topic of several other reports. CIBC upped their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an "outperform" rating in a research note on Wednesday. Bank of America increased their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Canaccord Genuity Group increased their price objective on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a "buy" rating in a research report on Wednesday. Stifel Nicolaus set a C$11.25 price objective on shares of Hudbay Minerals and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, National Bankshares increased their price objective on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the company a "sector perform" rating in a research report on Monday, February 26th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$10.48.

Hudbay Minerals Stock Down 1.2 %

HBM traded down C$0.13 during trading hours on Friday, hitting C$10.72. 1,529,160 shares of the company's stock were exchanged, compared to its average volume of 1,223,706. Hudbay Minerals has a 12-month low of C$5.46 and a 12-month high of C$11.05. The firm has a 50 day moving average of C$8.94 and a 200 day moving average of C$7.46. The firm has a market cap of C$3.76 billion, a P/E ratio of 35.73, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last announced its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share 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 the consensus estimate of C$710.46 million.

Hudbay Minerals Announces Dividend

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

Insider Activity

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

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.