Equities Analysts Offer Predictions for Hudbay Minerals Inc.’s FY2023 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBMFree Report) (NYSE:HBM) – Investment analysts at Eight Capital lifted their FY2023 EPS estimates for Hudbay Minerals in a research report issued to clients and investors on Wednesday, February 7th. Eight Capital analyst R. Profiti now anticipates that the mining company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.15. Eight Capital has a “Buy” rating and a $11.50 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.88 per share. Eight Capital also issued estimates for Hudbay Minerals’ Q4 2023 earnings at $0.21 EPS, FY2025 earnings at $0.78 EPS, FY2026 earnings at $0.73 EPS, FY2027 earnings at $0.60 EPS and FY2028 earnings at $0.95 EPS.

A number of other brokerages have also weighed in on HBM. Scotiabank boosted their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Stifel Nicolaus decreased their price target on Hudbay Minerals from C$10.10 to C$9.30 and set a “buy” rating on the stock in a report on Monday, November 13th. Raymond James decreased their price target on Hudbay Minerals from C$10.00 to C$9.00 in a report on Tuesday, February 6th. BMO Capital Markets decreased their target price on Hudbay Minerals from C$9.50 to C$8.50 and set an “outperform” rating for the company in a research report on Friday, December 22nd. Finally, National Bankshares lifted their target price on Hudbay Minerals from C$8.25 to C$8.50 and gave the stock a “sector perform” rating in a research report on Monday, January 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$9.31.

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Hudbay Minerals Stock Performance

TSE:HBM opened at C$7.00 on Monday. Hudbay Minerals has a twelve month low of C$5.46 and a twelve month high of C$7.92. The stock has a market cap of C$2.44 billion, a P/E ratio of 100.00, a price-to-earnings-growth ratio of 3.97 and a beta of 1.97. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 69.05. The firm’s fifty day simple moving average is C$7.18 and its 200 day simple moving average is C$6.70.

Insiders Place Their Bets

In other news, Senior Officer Peter Adamek sold 7,400 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$5.97, for a total value of C$44,178.00. 0.08% of the stock is currently owned by company insiders.

About Hudbay Minerals

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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.

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Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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