Scotiabank Lifts Earnings Estimates for Hudbay Minerals

Key Points

• Scotiabank raised Hudbay Minerals’ FY2026 EPS estimate to $2.20 from $2.18 and maintained a “Sector Outperform” rating with a $43.00 price target.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average target price of C$42.03; shares opened at C$37.26 and have traded between C$20.26 and C$44.48 over the past year.
• Hudbay recently paid a quarterly dividend of $0.01 per share, equivalent to $0.04 annually and a 0.1% yield, while its latest quarter included C$0.40 EPS and C$896.94 million in revenue.

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Analysts at Scotiabank upped their FY2026 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued on Thursday, October 1st. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings of $2.20 per share for the year, up from their prior forecast of $2.18. Scotiabank has a "Sector Outperform" rating and a $43.00 price objective on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share.

HBM has been the topic of several other reports. Jefferies Financial Group cut their price target on shares of Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$40.00 to C$39.50 and set a "buy" rating on the stock in a report on Thursday, July 30th. ATB Cormark Capital Markets cut their target price on Hudbay Minerals from C$35.50 to C$35.00 and set an "outperform" rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$40.00 to C$48.00 in a report on Wednesday, September 16th. Finally, Haywood Securities upped their target price on Hudbay Minerals from C$43.00 to C$45.00 in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$42.03.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock opened at C$37.26 on Friday. The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04. Hudbay Minerals has a 52 week low of C$20.26 and a 52 week high of C$44.48. The firm's 50 day moving average is C$37.23 and its two-hundred day moving average is C$34.72. The firm has a market capitalization of C$16.55 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.97 and a beta of 2.31.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last released its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. The business had revenue of C$896.94 million for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%.

Hudbay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, September 8th. Hudbay Minerals's dividend payout ratio (DPR) is 1.32%.

Hudbay Minerals Company Profile

Hudbay TSX, NYSE: HBM is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.

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