Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) – Research analysts at National Bank Financial raised their Q3 2022 earnings per share estimates for shares of Hudbay Minerals in a research report issued on Tuesday, August 9th. National Bank Financial analyst S. Nagle now expects that the mining company will earn ($0.10) per share for the quarter, up from their previous estimate of ($0.17). National Bank Financial has a "Sector Perform" rating on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $0.19 per share. National Bank Financial also issued estimates for Hudbay Minerals' Q4 2022 earnings at ($0.01) EPS, FY2022 earnings at $0.02 EPS, FY2023 earnings at $0.45 EPS and FY2024 earnings at $0.54 EPS.

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A number of other research analysts also recently issued reports on the stock. Raymond James upped their target price on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Wednesday, April 20th. Royal Bank of Canada dropped their target price on shares of Hudbay Minerals from C$14.00 to C$12.00 in a research report on Wednesday, May 11th. Stifel Nicolaus decreased their target price on Hudbay Minerals from C$16.50 to C$12.00 in a research report on Tuesday, July 19th. Barclays raised Hudbay Minerals from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 19th. Finally, StockNews.com lowered shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, April 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.44.

Hudbay Minerals Trading Down 3.2 %

Shares of HBM opened at $4.56 on Friday. The stock's fifty day simple moving average is $4.17 and its 200-day simple moving average is $6.10. The firm has a market capitalization of $1.19 billion, a PE ratio of -13.82, a price-to-earnings-growth ratio of 0.95 and a beta of 2.00. Hudbay Minerals has a 12-month low of $3.08 and a 12-month high of $8.75. The company has a quick ratio of 0.92, a current ratio of 1.41 and a debt-to-equity ratio of 0.77.

Hudbay Minerals Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be given a $0.008 dividend. This represents a yield of 0.3%. The ex-dividend date is Thursday, September 1st. Hudbay Minerals's dividend payout ratio (DPR) is currently -6.06%.

Institutional Trading of Hudbay Minerals

Hedge funds and other institutional investors have recently modified their holdings of the stock. Grayhawk Investment Strategies Inc. acquired a new position in Hudbay Minerals during the second quarter worth approximately $31,000. US Bancorp DE lifted its stake in Hudbay Minerals by 122.4% during the first quarter. US Bancorp DE now owns 7,899 shares of the mining company's stock worth $62,000 after purchasing an additional 4,347 shares during the last quarter. Signaturefd LLC grew its position in Hudbay Minerals by 97.9% in the first quarter. Signaturefd LLC now owns 10,448 shares of the mining company's stock valued at $82,000 after acquiring an additional 5,169 shares during the last quarter. CastleKnight Management LP bought a new position in Hudbay Minerals in the 4th quarter valued at approximately $85,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of Hudbay Minerals during the second quarter worth about $49,000. Institutional investors and hedge funds own 67.11% of the company's stock.

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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