FY2026 EPS Estimates for HudBay Minerals Reduced by Analyst

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Investment analysts at Scotiabank decreased their FY2026 earnings estimates for shares of HudBay Minerals in a report issued on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will earn $1.46 per share for the year, down from their prior estimate of $1.62. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.64 per share.

Several other analysts have also recently commented on HBM. Wall Street Zen upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, April 21st. Barclays started coverage on HudBay Minerals in a research note on Thursday, May 21st. They issued an “overweight” rating and a $30.00 target price on the stock. Finally, Jefferies Financial Group restated a “buy” rating on shares of HudBay Minerals in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $27.33.

HudBay Minerals Trading Down 7.6%

Shares of NYSE HBM opened at $21.56 on Wednesday. HudBay Minerals has a fifty-two week low of $8.93 and a fifty-two week high of $32.15. The firm has a market capitalization of $9.58 billion, a P/E ratio of 12.99, a P/E/G ratio of 0.27 and a beta of 1.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 1.20. The company’s 50 day simple moving average is $25.62 and its 200 day simple moving average is $23.95.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $684.73 million. During the same quarter in the previous year, the company earned $0.24 EPS. HudBay Minerals’s revenue was up 27.3% on a year-over-year basis.

HudBay Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, June 9th. HudBay Minerals’s dividend payout ratio (DPR) is 1.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its position in shares of HudBay Minerals by 107.9% during the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock worth $30,000 after acquiring an additional 1,033 shares in the last quarter. Quarry LP bought a new position in HudBay Minerals during the 3rd quarter worth about $38,000. IFP Advisors Inc bought a new position in HudBay Minerals during the 3rd quarter worth about $45,000. Banque Cantonale Vaudoise raised its stake in shares of HudBay Minerals by 513.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock valued at $48,000 after purchasing an additional 2,655 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of HudBay Minerals by 131.6% in the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after purchasing an additional 3,733 shares during the period. Institutional investors and hedge funds own 57.82% of the company’s stock.

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.