Q1 2024 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Cut by Analyst

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Paradigm Capital cut their Q1 2024 earnings estimates for shares of Hudbay Minerals in a research report issued on Tuesday, April 23rd. Paradigm Capital analyst J. Woolley now expects that the mining company will earn $0.10 per share for the quarter, down from their previous estimate of $0.16. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.68 per share. Paradigm Capital also issued estimates for Hudbay Minerals’ Q2 2024 earnings at $0.07 EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.14 EPS, Q3 2025 earnings at $0.26 EPS, FY2025 earnings at $1.12 EPS, FY2027 earnings at $0.74 EPS and FY2028 earnings at $1.37 EPS.

HBM has been the topic of several other research reports. Canaccord Genuity Group upped their target price on shares of Hudbay Minerals from C$10.50 to C$13.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Bank of America upped their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. CIBC upped their target price on shares of Hudbay Minerals from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Stifel Nicolaus set a C$11.25 target price on shares of Hudbay Minerals and gave the company a “buy” rating in a research note on Tuesday, March 26th. Finally, Raymond James increased their price objective on shares of Hudbay Minerals from C$11.50 to C$14.00 in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$11.06.

Hudbay Minerals Price Performance

HBM opened at C$11.80 on Friday. 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 stock has a market capitalization of C$4.14 billion, a P/E ratio of 39.33, a P/E/G ratio of 3.97 and a beta of 1.96. The company’s 50-day simple moving average is C$9.23 and its two-hundred day simple moving average is C$7.59. Hudbay Minerals has a 52-week low of C$5.46 and a 52-week high of C$11.82.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted 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. The business had revenue of C$819.90 million for the quarter, compared to analysts’ expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%.

Hudbay Minerals Dividend Announcement

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

Insiders Place Their Bets

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s 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 transaction of C$46,446.75. In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm’s 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 transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction that occurred 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. 0.07% of the stock is owned by company insiders.

About Hudbay Minerals

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.