Analysts Offer Predictions for Hudbay Minerals Q2 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at National Bank Financial issued their Q2 2028 earnings per share estimates for shares of Hudbay Minerals in a research note issued on Wednesday, June 24th. National Bank Financial analyst S. Nagle forecasts that the mining company will post earnings per share of $0.44 for the quarter. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other analysts have also recently commented on HBM. Scotiabank boosted their price objective on Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a research report on Thursday, June 25th. Royal Bank Of Canada increased their target price on Hudbay Minerals from C$28.00 to C$40.00 in a research report on Thursday, March 12th. BMO Capital Markets lifted their price target on shares of Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Barclays set a C$41.00 price target on shares of Hudbay Minerals and gave the stock an “overweight” rating in a report on Friday, May 22nd. Finally, Canaccord Genuity Group reduced their price objective on shares of Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$39.75.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at C$33.49 on Thursday. The company has a market capitalization of C$15.00 billion, a P/E ratio of 20.05, a P/E/G ratio of 3.97 and a beta of 2.24. The business’s 50 day moving average is C$35.84 and its two-hundred day moving average is C$32.91. The company has a current ratio of 1.36, a quick ratio of 0.85 and a debt-to-equity ratio of 30.14. Hudbay Minerals has a 12-month low of C$12.35 and a 12-month high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Friday, May 1st. The mining company reported C$0.56 earnings per share for the quarter. The firm had revenue of C$1.05 billion during the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.

Hudbay Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio is presently 0.87%.

Key Hudbay Minerals News

Here are the key news stories impacting Hudbay Minerals this week:

• Positive Sentiment: Hudbay could benefit from renewed investor attention on copper names as gold’s rally cools, which may lift sentiment toward diversified miners with copper exposure. Copper stocks are getting a bigger spotlight as gold’s rally cracks
• Positive Sentiment: Scotiabank raised its FY2027 EPS estimate for Hudbay to $2.65 from $2.34 and reaffirmed a Sector Outperform rating with a C$44 price target, signaling confidence in the company’s longer-term earnings power.
• Positive Sentiment: National Bank Financial also issued relatively strong forward earnings estimates for Hudbay, including FY2026 EPS of $2.23 and FY2027 EPS of $2.23, well above the current consensus full-year estimate of $1.12.
• Neutral Sentiment: Analyst forecasts for several quarterly periods in 2026 and 2027 were reiterated across reports, keeping attention on Hudbay’s expected production and earnings trajectory rather than near-term surprises.
• Negative Sentiment: National Bank Financial’s longer-dated estimates are more cautious for later years, including FY2028 EPS of $1.79, FY2029 EPS of $1.86, and FY2030 EPS of $1.31, suggesting earnings growth may not be linear over time.

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.