Scotiabank Decreases Earnings Estimates for HudBay Minerals

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Analysts at Scotiabank cut their FY2025 earnings estimates for HudBay Minerals in a note issued to investors on Monday, November 17th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings of $0.77 per share for the year, down from their previous forecast of $0.88. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for HudBay Minerals’ Q4 2025 earnings at $0.31 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.18 EPS, Q4 2026 earnings at $0.18 EPS, FY2026 earnings at $0.73 EPS, FY2027 earnings at $1.13 EPS, FY2028 earnings at $0.94 EPS and FY2029 earnings at $1.22 EPS.

Other research analysts also recently issued research reports about the stock. Bank of America lifted their price target on shares of HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Zacks Research lowered shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of HudBay Minerals in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Monday. Finally, Wall Street Zen lowered HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, HudBay Minerals has an average rating of “Buy” and a consensus price target of $19.50.

HudBay Minerals Stock Performance

Shares of HBM opened at $15.45 on Thursday. The stock has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $11.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.03. HudBay Minerals has a 1 year low of $5.95 and a 1 year high of $17.73. The stock has a market capitalization of $6.12 billion, a PE ratio of 21.17 and a beta of 1.58.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The company had revenue of $346.80 million during the quarter, compared to analysts’ expectations of $538.16 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was down 28.6% on a year-over-year basis.

Institutional Trading of HudBay Minerals

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBM. Allianz Asset Management GmbH increased its holdings in shares of HudBay Minerals by 61.9% in the first quarter. Allianz Asset Management GmbH now owns 2,492,905 shares of the mining company’s stock valued at $18,897,000 after purchasing an additional 952,776 shares during the period. Nikko Asset Management Americas Inc. lifted its stake in shares of HudBay Minerals by 142.8% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 100,303 shares of the mining company’s stock worth $761,000 after acquiring an additional 58,999 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of HudBay Minerals by 20.8% in the first quarter. Mackenzie Financial Corp now owns 4,927,081 shares of the mining company’s stock valued at $37,353,000 after acquiring an additional 847,934 shares in the last quarter. Federated Hermes Inc. raised its holdings in HudBay Minerals by 1.4% during the first quarter. Federated Hermes Inc. now owns 126,836 shares of the mining company’s stock worth $963,000 after purchasing an additional 1,794 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in HudBay Minerals in the first quarter valued at about $33,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

HudBay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.