Equities Analysts Set Expectations for Hudbay Minerals Inc.’s Q2 2024 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Raymond James raised their Q2 2024 earnings estimates for shares of Hudbay Minerals in a research report issued on Monday, April 22nd. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.01. 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 $0.14 EPS, Q4 2024 earnings at $0.33 EPS and FY2024 earnings at $0.67 EPS.

Several other brokerages also recently issued reports on HBM. Canaccord Genuity Group raised their price objective on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Bank of America raised their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research report on Tuesday, April 9th. Scotiabank raised their price objective on shares of 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. Eight Capital raised their price objective 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. Finally, CIBC lifted their price target on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals has a consensus rating of “Moderate Buy” and a consensus price target of C$11.06.

Hudbay Minerals Trading Up 0.5 %

Shares of TSE:HBM opened at C$10.60 on Thursday. The company has a 50-day simple moving average of C$9.08 and a 200 day simple moving average of C$7.54. The company has a debt-to-equity ratio of 62.93, a quick ratio of 0.85 and a current ratio of 1.25. The company has a market capitalization of C$3.72 billion, a P/E ratio of 35.33, a price-to-earnings-growth 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$11.05.

Hudbay Minerals (TSE:HBM) (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, beating the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The business had revenue of C$819.90 million during the quarter, compared to the consensus estimate of C$710.46 million.

Hudbay Minerals Announces Dividend

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

Insider Activity at Hudbay Minerals

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of Hudbay Minerals stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In other Hudbay Minerals news, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the business’s stock in a transaction on 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 business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$9.45, for a total transaction of C$46,446.75. 0.07% of the stock is currently owned by insiders.

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.