Q2 2024 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Decreased by Cormark

Hudbay Minerals Inc. (TSE:HBMFree Report) (NYSE:HBM) – Stock analysts at Cormark decreased their Q2 2024 EPS estimates for shares of Hudbay Minerals in a report released on Monday, May 27th. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.20 per share for the quarter, down from their prior forecast of $0.21. Cormark has a “Buy” rating and a $15.00 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.72 per share. Cormark also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.20 EPS, Q4 2025 earnings at $0.19 EPS, FY2025 earnings at $1.06 EPS and FY2026 earnings at $0.48 EPS.

HBM has been the subject of a number of other research reports. Eight Capital lifted their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a research report on Monday, April 22nd. National Bankshares raised shares of Hudbay Minerals from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$12.00 to C$15.50 in a research report on Wednesday, May 15th. Haywood Securities boosted their price objective on shares of Hudbay Minerals from C$13.00 to C$16.00 in a research report on Thursday, May 16th. CIBC dropped their price target on shares of Hudbay Minerals from C$15.50 to C$14.50 and set an “outperform” rating for the company in a research report on Monday. Finally, Jefferies Financial Group set a C$13.00 price target on shares of Hudbay Minerals and gave the stock a “hold” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$14.30.

Read Our Latest Stock Report on Hudbay Minerals

Hudbay Minerals Stock Down 0.7 %

HBM stock opened at C$13.38 on Thursday. The company has a market cap of C$5.26 billion, a P/E ratio of 40.55, a P/E/G ratio of 3.97 and a beta of 1.96. Hudbay Minerals has a 52 week low of C$5.46 and a 52 week high of C$14.33. The company’s 50-day moving average price is C$11.40 and its 200 day moving average price is C$8.72. The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72.

Hudbay Minerals Dividend Announcement

The business also recently declared a 1 dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, March 22nd were issued a $0.02 dividend. The ex-dividend date was Friday, March 22nd. This represents a yield of 0.13%. Hudbay Minerals’s dividend payout ratio is presently 6.06%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. Insiders have sold 56,913 shares of company stock valued at $512,494 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

About Hudbay Minerals

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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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