Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Investment analysts at Paradigm Capital decreased their Q1 2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report issued on Tuesday, April 23rd. Paradigm Capital analyst J. Woolley now expects that the mining company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.16. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.68 per share. Paradigm Capital also issued estimates for Hudbay Minerals' Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.14 EPS, Q3 2025 earnings at $0.26 EPS, FY2025 earnings at $1.12 EPS, FY2027 earnings at $0.74 EPS and FY2028 earnings at $1.37 EPS.
Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last issued its quarterly earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, topping analysts' consensus estimates of C$0.15 by C$0.12. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. The company had revenue of C$819.90 million for the quarter, compared to analysts' expectations of C$710.46 million.
A number of other research analysts have also recently issued reports on the company. National Bankshares lifted their target price on 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. Bank of America lifted their target price on Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. CIBC lifted their target price on Hudbay Minerals from C$11.00 to C$13.00 and gave the company an "outperform" rating in a research report on Wednesday, April 17th. Stifel Nicolaus set a C$11.25 target price on Hudbay Minerals and gave the company a "buy" rating in a research report on Tuesday, March 26th. Finally, Eight Capital lifted their target price on Hudbay Minerals from C$12.00 to C$14.50 and gave the company a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$11.06.
Check Out Our Latest Research Report on HBM
Hudbay Minerals Price Performance
Shares of TSE HBM traded up C$0.70 during mid-day trading on Friday, reaching C$11.80. The company had a trading volume of 2,880,073 shares, compared to its average volume of 1,264,987. 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 one year low of C$5.46 and a one year high of C$11.82. The firm has a market cap of C$4.14 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 3.97 and a beta of 1.96. The business's 50-day simple moving average is C$9.23 and its 200 day simple moving average is C$7.59.
Insider Buying and Selling
In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total value of C$46,446.75. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company's stock in a transaction on Friday, March 15th. The stock was 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 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. 0.07% of the stock is owned by insiders.
Hudbay Minerals Announces Dividend
The business also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were paid 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 dividend payout ratio is currently 6.67%.
Hudbay Minerals Company Profile
(
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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.
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