Scotiabank Expects Lower Earnings for HudBay Minerals

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities research analysts at Scotiabank lowered their FY2027 earnings per share (EPS) estimates for shares of HudBay Minerals in a research note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $1.78 per share for the year, down from their prior estimate of $1.97. Scotiabank has an “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.39 per share.

Several other equities research analysts have also issued reports on the company. Weiss Ratings raised HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Barclays reissued an “overweight” rating on shares of HudBay Minerals in a report on Tuesday, October 6th. Wall Street Zen lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Sunday, October 25th. Citigroup restated a “positive” rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Finally, Bank of America decreased their price objective on shares of HudBay Minerals from $33.50 to $29.50 and set a “buy” rating for the company in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.33.

HudBay Minerals Stock Performance

HBM stock opened at $20.54 on Friday. The firm has a market cap of $9.12 billion, a PE ratio of 12.08, a P/E/G ratio of 0.40 and a beta of 1.62. The company has a quick ratio of 1.93, a current ratio of 2.24 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $25.54 and a 200-day moving average of $24.82. HudBay Minerals has a 12-month low of $14.34 and a 12-month high of $32.15.

Institutional Investors Weigh In On HudBay Minerals

Hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. bought a new stake in shares of HudBay Minerals during the 2nd quarter worth $28,000. Bullseye Investment Management LLC purchased a new position in HudBay Minerals in the second quarter worth $30,000. Fiduciary Financial Advisors purchased a new position in HudBay Minerals in the second quarter worth $32,000. Integrated Wealth Concepts LLC bought a new position in HudBay Minerals in the second quarter valued at $36,000. Finally, EFG International AG bought a new position in HudBay Minerals in the second quarter valued at $38,000. 57.82% of the stock is currently owned by institutional investors.

HudBay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company focused primarily on the exploration, development, and operation of copper, gold, zinc, and silver deposits. Copper is its principal product, with associated precious and base metals produced from several of its operations.

The company operates in Canada, Peru, and the United States. Its assets include the Constancia copper-molybdenum mine in southern Peru; the Snow Lake operations in Manitoba, which produce copper, gold, zinc, and silver; and the Copper Mountain mine in British Columbia.