Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Raymond James issued their Q2 2021 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report issued on Monday, April 5th. Raymond James analyst F. Hamed expects that the mining company will post earnings of $0.06 per share for the quarter. Raymond James currently has a “Outperform” rating and a $13.00 target price on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q3 2021 earnings at $0.11 EPS, Q4 2021 earnings at $0.24 EPS, FY2021 earnings at $0.53 EPS and FY2022 earnings at $0.95 EPS.
HBM has been the topic of several other research reports. Scotiabank boosted their price target on shares of Hudbay Minerals from C$12.00 to C$12.50 in a research note on Tuesday, March 30th. Bank of America raised Hudbay Minerals from an “underperform” rating to a “buy” rating and lifted their target price for the stock from C$10.60 to C$12.20 in a report on Tuesday. TD Securities increased their price target on Hudbay Minerals from C$11.00 to C$12.50 and gave the company a “buy” rating in a research note on Friday, February 19th. Credit Suisse Group upped their price objective on Hudbay Minerals to C$12.00 and gave the stock an “outperform” rating in a report on Tuesday, March 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a report on Wednesday. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$12.30.
Shares of TSE:HBM opened at C$9.97 on Thursday. The firm has a market cap of C$2.61 billion and a price-to-earnings ratio of -18.03. The firm has a fifty day moving average price of C$9.04 and a 200 day moving average price of C$7.93. Hudbay Minerals has a fifty-two week low of C$2.79 and a fifty-two week high of C$10.58. The company has a debt-to-equity ratio of 70.55, a quick ratio of 1.32 and a current ratio of 1.68.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Thursday, February 18th. The mining company reported C($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.10) by C$0.02. The company had revenue of C$420.07 million for the quarter, compared to analysts’ expectations of C$367.89 million.
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, March 26th. Shareholders of record on Tuesday, March 9th were paid a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 8th. Hudbay Minerals’s payout ratio is -2.66%.
In other news, Senior Officer Cashel Aran Meagher sold 7,215 shares of the stock in a transaction on Thursday, February 25th. The shares were sold at an average price of C$9.93, for a total value of C$71,644.95. Following the sale, the insider now owns 108,896 shares of the company’s stock, valued at C$1,081,337.28.
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; molybdenum concentrates; and zinc metals.
Featured Story: What are the benefits of a portfolio tracker?
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.