Equities Analysts Offer Predictions for Hudbay Minerals Inc.’s Q4 2023 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Raymond James raised their Q4 2023 earnings per share estimates for Hudbay Minerals in a report released on Thursday, November 2nd. Raymond James analyst F. Hamed now expects that the mining company will post earnings of $0.48 per share for the quarter, up from their prior estimate of $0.43. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.96 per share. Raymond James also issued estimates for Hudbay Minerals’ Q1 2024 earnings at $0.33 EPS, Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.36 EPS and FY2024 earnings at $1.35 EPS.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Tuesday, August 8th. The mining company reported C($0.09) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.13). Hudbay Minerals had a negative return on equity of 1.89% and a negative net margin of 2.75%. The business had revenue of C$419.32 million during the quarter, compared to analysts’ expectations of C$452.53 million.

Other research analysts have also recently issued research reports about the company. TD Securities decreased their price target on Hudbay Minerals from C$11.00 to C$10.50 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Credit Suisse Group decreased their price target on Hudbay Minerals from C$9.00 to C$8.00 in a research note on Monday, August 21st. Stifel Nicolaus cut their price objective on Hudbay Minerals from C$10.60 to C$10.10 and set a “buy” rating for the company in a report on Tuesday, August 22nd. Canaccord Genuity Group cut their price objective on Hudbay Minerals from C$10.00 to C$9.50 and set a “buy” rating for the company in a report on Friday, October 20th. Finally, Bank of America lifted their price objective on Hudbay Minerals from C$7.25 to C$8.25 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$9.28.

Hudbay Minerals Stock Down 0.9 %

HBM stock opened at C$6.37 on Monday. Hudbay Minerals has a 1-year low of C$5.61 and a 1-year high of C$8.47. The business has a fifty day moving average price of C$6.35 and a 200-day moving average price of C$6.56. The company has a debt-to-equity ratio of 69.75, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a market capitalization of C$2.22 billion, a P/E ratio of -33.53, a P/E/G ratio of 3.97 and a beta of 2.02.

Hudbay Minerals Announces Dividend

The business also recently declared a 1 dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, September 22nd were given a $0.02 dividend. This represents a yield of 0.15%. The ex-dividend date of this dividend was Friday, September 22nd. Hudbay Minerals’s payout ratio is -10.53%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing copper, gold, and silver; zinc concentrates; zinc metal; and gold and silver doré and molybdenum concentrates.