FY2027 EPS Estimates for Hudbay Minerals Cut by Scotiabank

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Scotiabank decreased their FY2027 earnings per share estimates for Hudbay Minerals in a research report issued on Thursday, October 1st. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $2.80 per share for the year, down from their prior forecast of $2.83. Scotiabank has a “Sector Outperform” rating and a $43.00 price objective on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Other analysts have also issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. National Bank Financial lifted their price objective on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the company a “sector perform” rating in a report on Monday. Raymond James Financial upped their target price on shares of Hudbay Minerals from C$42.00 to C$43.00 in a research note on Wednesday, September 30th. Jefferies Financial Group reduced their target price on shares of Hudbay Minerals from C$57.00 to C$50.00 in a report on Monday, July 6th. Finally, Royal Bank Of Canada increased their target price on shares of Hudbay Minerals from C$40.00 to C$48.00 in a report on Wednesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of C$42.26.

Hudbay Minerals Price Performance

HBM opened at C$38.93 on Monday. The stock’s 50-day moving average price is C$37.52 and its 200 day moving average price is C$34.86. Hudbay Minerals has a 12-month low of C$20.26 and a 12-month high of C$44.48. The firm has a market cap of C$17.29 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 3.97 and a beta of 2.31. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. The business had revenue of C$896.94 million during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%.

Hudbay Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 1.32%.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.