Scotiabank Lowers Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at Scotiabank lowered their FY2026 EPS estimates for Hudbay Minerals in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $2.10 per share for the year, down from their prior estimate of $2.20. Scotiabank currently has a “Sector Outperform” rating and a $43.00 target price on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The company had revenue of C$896.94 million for the quarter.

Several other research analysts also recently commented on HBM. Barclays lifted their target price on Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. ATB Cormark Capital Markets upped their price target on Hudbay Minerals from C$35.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, October 9th. Royal Bank Of Canada increased their price target on Hudbay Minerals from C$40.00 to C$48.00 in a research note on Wednesday, September 16th. Haywood Securities raised their price objective on Hudbay Minerals from C$43.00 to C$45.00 in a research report on Wednesday, September 30th. Finally, Jefferies Financial Group lowered their price objective on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$42.56.

Hudbay Minerals Stock Performance

TSE HBM opened at C$34.33 on Friday. The company has a market capitalization of C$15.25 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.97 and a beta of 2.37. Hudbay Minerals has a twelve month low of C$20.26 and a twelve month high of C$44.48. The stock has a fifty day simple moving average of C$38.04 and a 200 day simple moving average of C$35.43. The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04.

Hudbay Minerals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is 1.32%.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.