Hudbay Minerals Inc. Expected to Post Q2 2024 Earnings of $0.12 Per Share (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Raymond James lifted their Q2 2024 earnings estimates for shares of Hudbay Minerals in a report issued on Thursday, July 18th. Raymond James analyst F. Hamed now expects that the mining company will post earnings per share of $0.12 for the quarter, up from their prior forecast of $0.11. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.72 per share. Raymond James also issued estimates for Hudbay Minerals’ Q3 2024 earnings at $0.15 EPS, Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.30 EPS and Q4 2025 earnings at $0.30 EPS.

HBM has been the subject of several other reports. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Monday. BMO Capital Markets raised their price target on shares of Hudbay Minerals from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Eight Capital lifted their price target on shares of Hudbay Minerals from C$14.50 to C$18.00 in a research report on Thursday, July 11th. Scotiabank increased their price objective on Hudbay Minerals from C$15.00 to C$17.00 in a research report on Thursday, May 30th. Finally, National Bank Financial upgraded Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$14.73.

Hudbay Minerals Stock Up 0.1 %

Shares of HBM opened at C$11.14 on Monday. The stock has a fifty day simple moving average of C$12.61 and a two-hundred day simple moving average of C$10.26. The company has a quick ratio of 0.85, a current ratio of 1.40 and a debt-to-equity ratio of 62.72. The company has a market capitalization of C$4.38 billion, a PE ratio of 33.76, 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$14.33.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Tuesday, May 14th. The mining company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.18. The firm had revenue of C$707.76 million for the quarter, compared to the consensus estimate of C$635.57 million. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total transaction of C$272,496.23. In other Hudbay Minerals news, Senior Officer Peter Adamek sold 5,874 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of C$13.00, for a total value of C$76,362.00. Also, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Company insiders own 0.08% 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.