Q1 2022 EPS Estimates for Hudbay Minerals Inc. (TSE:HBM) Cut by Raymond James

Hudbay Minerals Inc. (TSE:HBM – Get Rating) (NYSE:HBM) – Raymond James lowered their Q1 2022 earnings per share (EPS) estimates for Hudbay Minerals in a research report issued on Tuesday, April 19th. Raymond James analyst F. Hamed now expects that the mining company will earn $0.19 per share for the quarter, down from their previous forecast of $0.23. Raymond James currently has a “Outperform” rating and a $14.00 target price on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q1 2023 earnings at $0.43 EPS, Q2 2023 earnings at $0.44 EPS, Q3 2023 earnings at $0.44 EPS and Q4 2023 earnings at $0.44 EPS.

Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last released its quarterly earnings data on Wednesday, February 23rd. The mining company reported C$0.16 earnings per share for the quarter, hitting the consensus estimate of C$0.16. The business had revenue of C$536.03 million during the quarter, compared to analysts’ expectations of C$551.94 million.

Several other analysts also recently commented on the company. National Bankshares cut their target price on Hudbay Minerals from C$13.00 to C$12.50 in a research note on Tuesday. Scotiabank lifted their target price on Hudbay Minerals from C$12.00 to C$12.50 in a research report on Tuesday. BMO Capital Markets lowered their target price on Hudbay Minerals from C$16.00 to C$15.00 in a research report on Monday. Finally, Canaccord Genuity Group decreased their price target on Hudbay Minerals from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Monday, January 10th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$12.72.

HBM stock opened at C$9.32 on Thursday. Hudbay Minerals has a twelve month low of C$6.70 and a twelve month high of C$11.62. The company has a quick ratio of 0.93, a current ratio of 1.29 and a debt-to-equity ratio of 85.20. The firm has a market cap of C$2.44 billion and a PE ratio of -7.93. The business has a 50 day moving average of C$9.92 and a 200 day moving average of C$9.31.

The firm also recently disclosed a dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 25th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 7th. This represents a yield of 0.1%. Hudbay Minerals’s payout ratio is -1.35%.

Hudbay Minerals Company Profile (Get Rating)

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.

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