FY2026 EPS Estimates for HudBay Minerals Lowered by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities research analysts at Scotiabank reduced their FY2026 EPS estimates for shares of HudBay Minerals in a research note issued to investors on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings of $1.46 per share for the year, down from their previous estimate of $1.62. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.64 per share.

Several other brokerages have also weighed in on HBM. Barclays initiated coverage on HudBay Minerals in a report on Thursday, May 21st. They set an “overweight” rating and a $30.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating on shares of HudBay Minerals in a report on Monday. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Weiss Ratings upgraded shares of HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Finally, Wall Street Zen raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, HudBay Minerals presently has an average rating of “Moderate Buy” and a consensus price target of $27.33.

HudBay Minerals Trading Down 7.6%

Shares of HBM opened at $21.56 on Wednesday. The stock’s 50-day moving average price is $25.62 and its 200 day moving average price is $23.95. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $9.58 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.27 and a beta of 1.48. HudBay Minerals has a 12-month low of $8.93 and a 12-month high of $32.15.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The business had revenue of $757.30 million during the quarter, compared to analyst estimates of $684.73 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis.

Hedge Funds Weigh In On HudBay Minerals

Several institutional investors have recently added to or reduced their stakes in HBM. FIL Ltd lifted its position in HudBay Minerals by 202.0% during the 4th quarter. FIL Ltd now owns 33,143,172 shares of the mining company’s stock worth $658,010,000 after buying an additional 22,169,339 shares in the last quarter. Invesco Ltd. grew its stake in shares of HudBay Minerals by 0.4% during the third quarter. Invesco Ltd. now owns 11,391,356 shares of the mining company’s stock valued at $172,693,000 after purchasing an additional 46,948 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of HudBay Minerals by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 11,334,474 shares of the mining company’s stock valued at $171,832,000 after purchasing an additional 348,278 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of HudBay Minerals by 10.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,502,218 shares of the mining company’s stock valued at $159,111,000 after purchasing an additional 986,278 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in HudBay Minerals by 116.1% in the 4th quarter. Mackenzie Financial Corp now owns 10,178,626 shares of the mining company’s stock worth $202,327,000 after purchasing an additional 5,468,109 shares during the last quarter. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, June 9th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. HudBay Minerals’s dividend payout ratio is presently 1.81%.

HudBay Minerals Company Profile

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.