FY2024 EPS Estimates for Hudbay Minerals Reduced by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of Hudbay Minerals in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.59 per share for the year, down from their prior forecast of $0.66. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2024 earnings at $0.16 EPS, FY2025 earnings at $0.80 EPS, FY2027 earnings at $0.56 EPS and FY2029 earnings at $1.53 EPS.

A number of other analysts also recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. National Bankshares increased their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$15.57.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$12.84 on Friday. The company has a market capitalization of C$5.05 billion, a PE ratio of 34.70, a PEG ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The stock’s 50 day moving average price is C$12.30 and its 200-day moving average price is C$11.81. Hudbay Minerals has a twelve month low of C$6.72 and a twelve month high of C$14.33.

Insiders Place Their Bets

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

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.