Brokers Issue Forecasts for Hudbay Minerals FY2025 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Desjardins increased their FY2025 earnings per share estimates for Hudbay Minerals in a research note issued to investors on Wednesday, October 1st. Desjardins analyst B. Adams now forecasts that the mining company will earn $1.17 per share for the year, up from their prior estimate of $1.06. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other analysts have also commented on the company. Bank of America raised their target price on Hudbay Minerals from C$16.00 to C$18.00 in a report on Friday, August 29th. National Bankshares raised their target price on Hudbay Minerals from C$16.50 to C$17.50 and gave the stock an “outperform” rating in a report on Thursday, August 14th. TD Securities raised their target price on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Veritas raised Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 7th. Finally, Stifel Nicolaus raised their target price on Hudbay Minerals from C$17.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Three research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and a consensus target price of C$17.25.

Hudbay Minerals Stock Up 1.8%

Hudbay Minerals stock opened at C$21.96 on Friday. The firm has a market cap of C$8.69 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$22.10. The business’s 50-day moving average price is C$16.73 and its 200 day moving average price is C$13.64. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Announces Dividend

The firm also recently declared a half year 25 dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 2nd. This represents a yield of 6.0%. Hudbay Minerals’s dividend payout ratio is currently 1.96%.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.