Hudbay Minerals Inc. (TSE:HBM – Get Rating) (NYSE:HBM) – Raymond James cut their FY2022 earnings per share (EPS) estimates for Hudbay Minerals in a research note issued to investors on Monday, January 30th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of $0.20 per share for the year, down from their previous estimate of $0.28. Raymond James has a "Outperform" rating and a $10.00 price objective on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.85 per share. Raymond James also issued estimates for Hudbay Minerals' Q4 2022 earnings at $0.08 EPS.
Get Hudbay Minerals alerts:Several other research firms have also issued reports on HBM. Eight Capital reduced their price target on Hudbay Minerals from C$11.00 to C$10.00 in a research report on Wednesday, October 26th. Barclays cut Hudbay Minerals from an "overweight" rating to an "equal weight" rating in a research note on Monday, October 17th. National Bankshares lowered their price objective on Hudbay Minerals from C$8.50 to C$7.50 in a research note on Monday, January 9th. TD Securities decreased their price target on Hudbay Minerals from C$9.00 to C$8.00 and set a "buy" rating for the company in a research note on Thursday, November 3rd. Finally, Bank of America lifted their price objective on Hudbay Minerals from C$8.00 to C$8.25 in a report on Wednesday, January 25th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$8.85.
Hudbay Minerals Stock Performance
Shares of HBM opened at C$7.66 on Wednesday. The stock's 50-day simple moving average is C$7.45 and its 200 day simple moving average is C$6.27. Hudbay Minerals has a 52-week low of C$4.07 and a 52-week high of C$11.17. The stock has a market capitalization of C$2.01 billion and a price-to-earnings ratio of 19.64. The company has a debt-to-equity ratio of 79.51, a quick ratio of 0.85 and a current ratio of 1.24.Hudbay Minerals (TSE:HBM – Get Rating) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, November 2nd. The mining company reported C($0.06) earnings per share for the quarter, topping the consensus estimate of C($0.08) by C$0.02. The firm had revenue of C$451.69 million for the quarter, compared to the consensus estimate of C$393.87 million.
Insider Buying and Selling at Hudbay Minerals
In other Hudbay Minerals news, insider Waterton Global Resource Management, Inc. sold 3,000,000 shares of the business's stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of C$7.25, for a total transaction of C$21,750,480.00. Following the completion of the sale, the insider now owns 18,927,643 shares of the company's stock, valued at C$137,228,440.17.
Hudbay Minerals Company Profile
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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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