HudBay Minerals (NYSE:HBM) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of HudBay Minerals (NYSE:HBM) (TSE:HBM) from a hold rating to a buy rating in a research report released on Saturday.

Other research analysts have also issued reports about the company. Weiss Ratings raised HudBay Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Citigroup raised their target price on HudBay Minerals from $23.00 to $32.50 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Zacks Research downgraded HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. National Bank Financial downgraded HudBay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.00.

HudBay Minerals Trading Down 1.3%

NYSE:HBM opened at $22.81 on Friday. The business’s 50-day moving average is $23.03 and its two-hundred day moving average is $20.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.78. HudBay Minerals has a 12 month low of $7.33 and a 12 month high of $28.74. The firm has a market capitalization of $9.06 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.28 and a beta of 1.37.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. HudBay Minerals had a return on equity of 8.91% and a net margin of 25.71%.The company had revenue of $757.30 million for the quarter, compared to analyst estimates of $684.73 million. During the same period last year, the company posted $0.24 earnings per share. The firm’s revenue was up 27.3% compared to the same quarter last year. Research analysts predict that HudBay Minerals will post 1.56 earnings per share for the current fiscal year.

HudBay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, June 9th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 9th. HudBay Minerals’s dividend payout ratio (DPR) is 0.70%.

Hedge Funds Weigh In On HudBay Minerals

A number of hedge funds have recently bought and sold shares of the company. Waterfront Wealth Inc. grew its stake in HudBay Minerals by 1.0% in the fourth quarter. Waterfront Wealth Inc. now owns 39,451 shares of the mining company’s stock worth $783,000 after purchasing an additional 399 shares in the last quarter. Strong Tower Advisory Services boosted its stake in HudBay Minerals by 0.6% in the fourth quarter. Strong Tower Advisory Services now owns 94,762 shares of the mining company’s stock valued at $1,881,000 after acquiring an additional 587 shares during the period. Vontobel Holding Ltd. boosted its stake in HudBay Minerals by 0.6% in the fourth quarter. Vontobel Holding Ltd. now owns 126,090 shares of the mining company’s stock valued at $2,503,000 after acquiring an additional 738 shares during the period. Savant Capital LLC boosted its stake in HudBay Minerals by 2.4% in the third quarter. Savant Capital LLC now owns 32,010 shares of the mining company’s stock valued at $485,000 after acquiring an additional 760 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in HudBay Minerals by 25.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,933 shares of the mining company’s stock valued at $98,000 after acquiring an additional 986 shares during the period. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting HudBay Minerals

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

• Positive Sentiment: Q1 results beat expectations — HudBay reported $0.40 EPS vs. consensus $0.34 and revenue grew ~27% year-over-year; margins were strong (net margin ~25.7%). This outperformance and improved profitability are constructive for cash flow and valuation. HudBay Minerals (HBM) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Company announced record quarterly revenue and record adjusted EBITDA for Q1, indicating stronger operating performance that supports free cash flow and potential deleveraging or shareholder returns. Hudbay Announces First Quarter 2026 Results and Delivers Record Quarterly Revenue and Adjusted EBITDA
• Neutral Sentiment: Management materials available — the company posted the press release, slide deck and conference call recording/transcript for Q1; investors should review guidance/comments on production, costs and commodity price sensitivity in the call. View Press Release View Slide Deck Listen to Conference Call
• Neutral Sentiment: Analyst write-ups and metric comparisons are available (Zacks review of key metrics vs. estimates) — useful for investors who want detail on volumes, realized prices and unit costs versus consensus. HudBay Minerals (HBM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Paradigm Capital cut near- and medium-term EPS estimates across Q2–Q4 2026 and FY2027–FY2029, trimming forward expectations; those downward revisions can pressure the stock despite the beat, as they reduce modeled upside and may prompt investor caution. (Paradigm note issued Apr. 27)

About HudBay Minerals

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.