Hudbay Minerals Inc. (TSE:HBM) to Post Q1 2024 Earnings of $0.10 Per Share, Raymond James Forecasts

Hudbay Minerals Inc. (TSE:HBMFree Report) (NYSE:HBM) – Research analysts at Raymond James dropped their Q1 2024 earnings per share estimates for shares of Hudbay Minerals in a report issued on Wednesday, April 17th. Raymond James analyst F. Hamed now forecasts that the mining company will earn $0.10 per share for the quarter, down from their previous estimate of $0.11. Raymond James currently has a “Outperform” rating and a $11.50 target price on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.68 per share. Raymond James also issued estimates for Hudbay Minerals’ Q3 2024 earnings at $0.06 EPS and FY2024 earnings at $0.39 EPS.

A number of other equities analysts have also issued reports on HBM. CIBC raised their target price on Hudbay Minerals from C$11.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals and gave the company a “buy” rating in a research note on Tuesday, March 26th. Bank of America upped their target price on Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Scotiabank lifted their price target on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Finally, Canaccord Genuity Group boosted their price target on Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$10.48.

View Our Latest Stock Analysis on HBM

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$10.72 on Friday. The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85. The business has a fifty day moving average of C$8.94 and a 200 day moving average of C$7.47. Hudbay Minerals has a 1 year low of C$5.46 and a 1 year high of C$11.05.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last issued its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.12. The company had revenue of C$819.90 million during the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%.

Hudbay Minerals Announces Dividend

The company also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.02 per share. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s payout ratio is currently 6.67%.

Insider Transactions at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. In related news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Also, Senior Officer Mark Zachary Gupta sold 4,915 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. Corporate insiders own 0.07% of the company’s stock.

About Hudbay Minerals

(Get Free Report)

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.

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

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