Stifel Canada Reduces Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Stifel Canada cut their FY2025 earnings per share (EPS) estimates for Hudbay Minerals in a research note issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the mining company will earn $1.51 per share for the year, down from their previous forecast of $1.71. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other research analysts have also weighed in on HBM. National Bankshares lifted their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Jefferies Financial Group increased their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Royal Bank of Canada lowered their target price on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Scotiabank raised their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Trading Down 0.9 %

Shares of HBM stock opened at C$12.23 on Tuesday. The firm has a market cap of C$4.81 billion, a P/E ratio of 33.05, a PEG ratio of 3.97 and a beta of 1.83. The company has a 50 day moving average of C$12.69 and a 200-day moving average of C$11.93. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. Hudbay Minerals has a 12-month low of C$6.72 and a 12-month high of C$14.33.

Insiders Place Their Bets

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

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