Scotiabank Lowers Earnings Estimates for Hudbay Minerals

Key Points

• Scotiabank lowered its FY2026 EPS estimate for Hudbay Minerals to $2.10 from $2.20, while maintaining a “Sector Outperform” rating and a $43.00 price target.
• Analyst sentiment remains positive, with Hudbay holding a consensus “Buy” rating and a consensus price target of C$42.56; several brokerages recently raised their targets.
• Hudbay shares opened at C$34.33, down 0.5%, compared with a 12-month range of C$20.26 to C$44.48. The company most recently reported quarterly EPS of C$0.40 and declared a quarterly dividend of $0.01 per share.

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Stock analysts at Scotiabank decreased their FY2026 earnings per share estimates for Hudbay Minerals in a report released on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings per share of $2.10 for the year, down from their previous forecast of $2.20. Scotiabank has a "Sector Outperform" rating and a $43.00 price target on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share.

Several other brokerages have also issued reports on HBM. Haywood Securities lifted their price target on shares of Hudbay Minerals from C$43.00 to C$45.00 in a report on Wednesday, September 30th. National Bank Financial increased their price objective on shares of Hudbay Minerals from C$41.00 to C$42.50 and gave the company a "sector perform" rating in a research note on Monday, October 5th. ATB Cormark Capital Markets increased their price objective on shares of Hudbay Minerals from C$35.00 to C$40.00 and gave the company an "outperform" rating in a research note on Friday, October 9th. Stifel Nicolaus raised their target price on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Finally, Canaccord Genuity Group decreased their target price on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$42.56.

Hudbay Minerals Stock Down 0.5%

HBM stock opened at C$34.33 on Friday. The stock has a market capitalization of C$15.25 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 3.97 and a beta of 2.37. The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. Hudbay Minerals has a 12 month low of C$20.26 and a 12 month high of C$44.48. The firm has a 50-day moving average price of C$38.04 and a 200-day moving average price of C$35.43.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last released its earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 25th were issued a dividend of $0.01 per share. 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 payout ratio is 1.32%.

About Hudbay Minerals

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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