Scotiabank Reduces Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at Scotiabank reduced their FY2027 earnings estimates for Hudbay Minerals in a research report issued on Thursday, October 22nd. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $2.77 per share for the year, down from their previous estimate of $2.80. Scotiabank has a “Sector Outperform” rating and a $43.00 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other research analysts have also recently weighed in on HBM. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. National Bank Financial increased their price objective on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the stock a “sector perform” rating in a research report on Monday, October 5th. Royal Bank Of Canada raised their target price on shares of Hudbay Minerals from C$40.00 to C$48.00 in a research note on Wednesday, September 16th. Raymond James Financial reduced their target price on shares of Hudbay Minerals from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a report on Thursday, October 22nd. Finally, BMO Capital Markets decreased their price target on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of C$42.58.

Hudbay Minerals Stock Performance

TSE HBM opened at C$32.83 on Monday. The firm has a market capitalization of C$14.58 billion, a P/E ratio of 20.17, a P/E/G ratio of 3.97 and a beta of 2.37. Hudbay Minerals has a 1-year low of C$20.26 and a 1-year high of C$44.48. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85. The business’s 50-day simple moving average is C$37.15 and its 200-day simple moving average is C$34.49.

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

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, September 8th. Hudbay Minerals’s payout ratio is presently 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.