Hudbay Minerals FY2024 EPS Estimate Lifted by Stifel Canada

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at Stifel Canada increased their FY2024 earnings per share (EPS) estimates for shares of Hudbay Minerals in a note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will post earnings of $0.97 per share for the year, up from their previous estimate of $0.83. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Stifel Canada also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.55 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.49 EPS, FY2026 earnings at $1.37 EPS and FY2027 earnings at $1.33 EPS.

Several other research analysts have also commented on the stock. Jefferies Financial Group raised their price objective on shares of Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Royal Bank of Canada dropped their price target on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a research note 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 research note on Tuesday, October 8th. Finally, National Bankshares boosted their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. 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

TSE HBM opened at C$11.40 on Wednesday. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The company has a market cap of C$4.49 billion, a P/E ratio of 30.81, a P/E/G ratio of 3.97 and a beta of 1.83. The stock has a 50-day moving average of C$12.63 and a two-hundred day moving average of C$11.91. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. 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.