Brokers Issue Forecasts for Hudbay Minerals FY2025 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Stifel Canada upped their FY2025 earnings per share (EPS) estimates for Hudbay Minerals in a report released on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will post earnings of $1.71 per share for the year, up from their prior forecast of $1.51. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other brokerages also recently issued reports on HBM. Eight Capital raised their price target on Hudbay Minerals from C$14.50 to C$18.00 in a report on Thursday, July 11th. Jefferies Financial Group raised their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Scotiabank upped their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Canaccord Genuity Group cut their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday, July 22nd. Finally, Royal Bank of Canada decreased their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Twelve investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$15.54.

Hudbay Minerals Stock Performance

Shares of TSE HBM opened at C$13.10 on Friday. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The company has a market capitalization of C$5.16 billion, a P/E ratio of 35.41, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 12 month low of C$5.46 and a 12 month high of C$14.33. The stock has a 50 day moving average of C$11.13 and a 200-day moving average of C$11.58.

Hudbay Minerals Announces Dividend

The company also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were given a dividend of $0.02 per share. 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 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.