Scotiabank Comments on HudBay Minerals FY2026 Earnings

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities researchers at Scotiabank dropped their FY2026 EPS estimates for HudBay Minerals in a note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings per share of $1.47 for the year, down from their previous estimate of $1.55. Scotiabank has an “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.45 per share. Scotiabank also issued estimates for HudBay Minerals’ FY2027 earnings at $1.96 EPS.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. HudBay Minerals had a net margin of 27.48% and a return on equity of 9.47%. The company had revenue of $631.30 million during the quarter, compared to analysts’ expectations of $632.43 million. During the same period in the prior year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Bank of America reduced their price objective on HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of HudBay Minerals in a report on Monday, July 6th. Barclays reiterated an “overweight” rating on shares of HudBay Minerals in a research report on Tuesday, October 6th. Wall Street Zen lowered HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Citigroup reaffirmed a “positive” rating on shares of HudBay Minerals in a research note on Wednesday, July 15th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

HudBay Minerals Stock Down 5.7%

HBM opened at $24.21 on Thursday. The firm’s 50-day simple moving average is $27.24 and its 200-day simple moving average is $25.34. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 2.24. HudBay Minerals has a twelve month low of $14.34 and a twelve month high of $32.15. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 14.24, a PEG ratio of 0.45 and a beta of 1.58.

Institutional Investors Weigh In On HudBay Minerals

A number of institutional investors and hedge funds have recently modified their holdings of HBM. Royal Bank of Canada increased its holdings in shares of HudBay Minerals by 7.8% during the 1st quarter. Royal Bank of Canada now owns 8,254,831 shares of the mining company’s stock worth $172,526,000 after acquiring an additional 597,422 shares during the last quarter. Wellington Management Group LLP acquired a new stake in HudBay Minerals during the 2nd quarter valued at $130,557,000. William Blair Investment Management LLC acquired a new stake in HudBay Minerals during the 2nd quarter valued at $99,536,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in HudBay Minerals during the 2nd quarter valued at $99,022,000. Finally, Bank of America Corp DE bought a new position in HudBay Minerals during the second quarter worth $96,341,000. 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, September 25th. Investors of record on Tuesday, September 8th were paid a C$0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. HudBay Minerals’s dividend payout ratio (DPR) is currently 1.76%.

HudBay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company focused primarily on the exploration, development, and operation of copper, zinc, gold, silver, and molybdenum deposits. The company’s products are used in infrastructure, manufacturing, technology, and energy-related applications. Hudbay is listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol HBM.

Hudbay operates mining and processing assets in Canada and Peru. Its Manitoba operations include the Lalor polymetallic mine and processing facilities in the Snow Lake region, which produce zinc, copper, gold, and silver.