(TSE:HBM) (NYSE:HBM) – Raymond James raised their FY2021 earnings per share (EPS) estimates for Hudbay Minerals in a note issued to investors on Monday, January 17th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings per share of $0.42 for the year, up from their prior forecast of $0.25. Raymond James has a “Outperform” rating and a $12.00 price objective on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q4 2021 earnings at $0.28 EPS and FY2022 earnings at $1.30 EPS.
Several other equities analysts have also recently commented on the stock. CSFB raised their price target on shares of Hudbay Minerals from C$11.50 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday, November 24th. Indl Alliance S restated a “buy” rating on shares of Hudbay Minerals in a report on Thursday, September 23rd. raised their price objective on shares of Hudbay Minerals from C$12.00 to C$13.00 in a report on Tuesday, October 19th. CIBC reduced their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 in a report on Monday, December 6th. Finally, Scotiabank raised their price objective on shares of Hudbay Minerals from C$11.00 to C$11.50 in a report on Thursday, December 16th. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$12.79.
Shares of HBM stock opened at C$10.04 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.38 and a debt-to-equity ratio of 83.94. Hudbay Minerals has a 52 week low of C$6.70 and a 52 week high of C$11.62. The stock has a market capitalization of C$2.63 billion and a PE ratio of -9.14. The firm has a 50 day moving average of C$9.09 and a two-hundred day moving average of C$8.48.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Wednesday, November 3rd. The mining company reported C$0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.15. The business had revenue of C$451.99 million during the quarter, compared to analysts’ expectations of C$470.43 million.
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.
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