Hudbay Minerals Q3 EPS Cut by National Bank Financial

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – National Bank Financial lowered their Q3 2024 EPS estimates for Hudbay Minerals in a research report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.01 per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other research analysts have also recently issued reports on the stock. Eight Capital raised their price target on shares of Hudbay Minerals from C$14.50 to C$18.00 in a report on Thursday, July 11th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada lowered their price target on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Scotiabank increased their price objective on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Finally, Canaccord Genuity Group reduced their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Stock Up 0.5 %

HBM stock opened at C$12.71 on Wednesday. The stock has a market capitalization of C$5.00 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The firm has a 50 day moving average of C$11.06 and a 200 day moving average of C$11.54.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a yield of 0.09%. Hudbay Minerals’s dividend payout ratio is presently 5.41%.

Hudbay Minerals Company Profile

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.