Raymond James Weighs in on Hudbay Minerals Inc.’s Q2 2022 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBMGet Rating) (NYSE:HBM) – Stock analysts at Raymond James boosted their Q2 2022 earnings estimates for shares of Hudbay Minerals in a report issued on Tuesday, April 19th. Raymond James analyst F. Hamed now anticipates that the mining company will post earnings per share of $0.33 for the quarter, up from their prior forecast of $0.13. Raymond James currently has a “Outperform” rating and a $14.00 price target on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q3 2022 earnings at $0.21 EPS, Q4 2022 earnings at $0.63 EPS, FY2022 earnings at $1.36 EPS and FY2023 earnings at $1.74 EPS.

Several other equities research analysts have also recently commented on the company. Credit Suisse Group raised their target price on Hudbay Minerals to C$14.50 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank raised their price objective on Hudbay Minerals from C$12.00 to C$12.50 in a research note on Tuesday. BMO Capital Markets reduced their price objective on Hudbay Minerals from C$16.00 to C$15.00 in a research note on Monday, April 18th. Canaccord Genuity Group reduced their price objective on Hudbay Minerals from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Monday, January 10th. Finally, CSFB raised their price objective on Hudbay Minerals from C$13.00 to C$14.50 in a research note on Thursday. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$12.93.

TSE HBM opened at C$8.26 on Friday. The business has a 50 day simple moving average of C$9.85 and a 200 day simple moving average of C$9.31. Hudbay Minerals has a one year low of C$6.70 and a one year high of C$11.62. The stock has a market capitalization of C$2.16 billion and a P/E ratio of -7.03. The company has a debt-to-equity ratio of 85.20, a current ratio of 1.29 and a quick ratio of 0.93.

Hudbay Minerals (TSE:HBMGet Rating) (NYSE:HBM) last released its earnings results on Wednesday, February 23rd. The mining company reported C$0.16 EPS for the quarter, hitting the consensus estimate of C$0.16. The business had revenue of C$536.03 million for the quarter, compared to analyst estimates of C$551.94 million.

The company also recently announced a dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 25th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, March 7th. This represents a dividend yield of 0.1%. Hudbay Minerals’s payout ratio is presently -1.35%.

About Hudbay Minerals (Get Rating)

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; silver/gold doré; molybdenum concentrates; and zinc metals.

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Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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