FY2026 EPS Estimate for HudBay Minerals Lowered by Analyst

Key Points

• Scotiabank lowered HudBay Minerals’ FY2026 EPS forecast to $1.47 from $1.55, while maintaining an “Outperform” rating. Its FY2027 estimate is $1.96 per share, and the current consensus FY2026 estimate is $1.45.
• Analyst sentiment remains broadly positive, with 10 Buy ratings and two Holds contributing to a “Moderate Buy” consensus and an average price target of $31.33.
• HudBay reported quarterly EPS of $0.28, beating the $0.26 consensus, while revenue rose 17.7% year over year to $631.3 million. Institutional investors own 57.82% of the company, following several large new positions.

HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Investment analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of HudBay Minerals in a report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $1.47 per share for the year, down from their prior 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.

Other analysts also recently issued research reports about the stock. Bank of America decreased their price objective on shares of HudBay Minerals from $33.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, July 9th. Wall Street Zen cut shares of HudBay Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Citigroup reiterated a "positive" rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Barclays reissued an "overweight" rating on shares of HudBay Minerals in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of HudBay Minerals in a research note on Monday, July 6th. 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, HudBay Minerals has a consensus rating of "Moderate Buy" and an average price target of $31.33.

HudBay Minerals Price Performance

HudBay Minerals stock opened at $24.21 on Thursday. The company has a market cap of $10.76 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of 0.45 and a beta of 1.58. HudBay Minerals has a one year low of $14.34 and a one year high of $32.15. The business has a fifty day moving average of $27.24 and a two-hundred day moving average of $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 (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The firm had revenue of $631.30 million for the quarter, compared to the consensus estimate of $632.43 million. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share.

HudBay Minerals Dividend Announcement

The firm 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. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, September 8th. HudBay Minerals's dividend payout ratio is presently 1.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in shares of HudBay Minerals in the second quarter worth $130,557,000. William Blair Investment Management LLC purchased a new position in shares of HudBay Minerals during the second quarter valued at $99,536,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in HudBay Minerals during the second quarter valued at $99,022,000. Bank of America Corp DE acquired a new position in HudBay Minerals during the second quarter valued at $96,341,000. Finally, The Manufacturers Life Insurance Company acquired a new position in HudBay Minerals during the second quarter valued at $91,577,000. Institutional investors and hedge funds own 57.82% of the company's stock.

About HudBay Minerals

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.