Cormark Weighs in on Hudbay Minerals’ Q4 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Cormark increased their Q4 2024 EPS estimates for Hudbay Minerals in a research note issued on Thursday, November 14th. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.43. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Cormark also issued estimates for Hudbay Minerals’ Q1 2025 earnings at $0.35 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.35 EPS and FY2025 earnings at $1.29 EPS.

Other equities analysts have also recently issued research reports about the company. National Bankshares lifted their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Stock Performance

Shares of TSE:HBM opened at C$12.01 on Monday. The firm has a fifty day simple moving average of C$12.01 and a two-hundred day simple moving average of C$11.90. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 52 week low of C$5.88 and a 52 week high of C$14.33. The stock has a market capitalization of C$4.73 billion, a P/E ratio of 32.46, a PEG ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid 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 (DPR) is 5.41%.

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.