Scotiabank Reduces Earnings Estimates for Hudbay Minerals

Key Points

• Scotiabank lowered Hudbay Minerals’ FY2027 EPS estimate to $2.77 from $2.80, while maintaining a “Sector Outperform” rating and a C$43.00 price target.
• Hudbay reported quarterly EPS of C$0.40 on revenue of C$896.94 million, with an 18.41% return on equity and a 27.22% net margin.
• Analyst sentiment remains positive: the stock has an overall “Buy” consensus rating and a C$42.58 average price target, despite trading at C$30.76.

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Research analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of Hudbay Minerals in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $2.77 per share for the year, down from their prior estimate of $2.80. Scotiabank currently has a "Sector Outperform" rating and a $43.00 target price on the stock. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share.

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

A number of other analysts have also weighed in on the stock. Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$40.00 to C$39.50 and set a "buy" rating for the company in a report on Thursday, July 30th. Stifel Nicolaus raised their target price on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on Hudbay Minerals from C$40.00 to C$48.00 in a report on Wednesday, September 16th. Haywood Securities upped their price target on Hudbay Minerals from C$43.00 to C$45.00 in a research report on Wednesday, September 30th. Finally, TD upped their price target on Hudbay Minerals from C$43.00 to C$44.00 and gave the company a "buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of C$42.58.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$30.76 on Monday. 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 fifty day moving average is C$37.39 and its 200 day moving average is C$35.57. The company has a market cap of C$13.66 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 3.97 and a beta of 2.37.

Hudbay Minerals Announces Dividend

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