FY2026 EPS Estimate for HudBay Minerals Boosted by Analyst

Key Points

• Scotiabank raised HudBay Minerals’ FY2026 EPS estimate to $1.55 from $1.46 and projects FY2027 EPS of $2.01. The firm maintains an “Outperform” rating, while analysts overall assign the stock a “Moderate Buy” consensus rating with a $31.33 average price target.
• HudBay reported quarterly EPS of $0.28, beating estimates of $0.26, while revenue reached $631.3 million and increased 17.7% year over year. Shares opened at $26.36, up 1.8%.
• The company declared a quarterly dividend of $0.01 per share, equivalent to an annualized $0.04 dividend and a 0.2% yield; institutional investors own 57.82% of its stock.

HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for HudBay Minerals in a research note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $1.55 per share for the year, up from their prior forecast of $1.46. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for HudBay Minerals' current full-year earnings is $1.57 per share. Scotiabank also issued estimates for HudBay Minerals' FY2027 earnings at $2.01 EPS.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group restated a "buy" rating on shares of HudBay Minerals in a research note on Monday, July 6th. Bank of America reduced their price objective on shares of HudBay Minerals from $33.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, July 9th. Barclays raised their price objective on shares of HudBay Minerals from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Citigroup restated a "positive" rating on shares of HudBay Minerals in a research note on Wednesday, July 15th. Finally, Wall Street Zen downgraded shares of HudBay Minerals from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $31.33.

HudBay Minerals Trading Up 1.8%

Shares of NYSE:HBM opened at $26.36 on Friday. The stock has a 50 day moving average of $24.55 and a 200 day moving average of $24.21. The company has a market cap of $11.71 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 0.40 and a beta of 1.48. HudBay Minerals has a 12-month low of $9.24 and a 12-month high of $32.15. The company has a current ratio of 2.24, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data 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. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.The firm had revenue of $631.30 million for the quarter, compared to analysts' expectations of $632.43 million. During the same period in the previous year, the firm earned $0.19 EPS. The business's quarterly revenue was up 17.7% on a year-over-year basis.

Institutional Investors Weigh In On HudBay Minerals

Several institutional investors and hedge funds have recently modified their holdings of HBM. Allworth Financial LP boosted 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 during the last quarter. Quarry LP purchased a new stake in HudBay Minerals in the 3rd quarter worth $38,000. IFP Advisors Inc purchased a new stake in HudBay Minerals in the 3rd quarter worth $45,000. Banque Cantonale Vaudoise boosted its holdings in shares of HudBay Minerals by 513.5% during 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 last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of HudBay Minerals by 131.6% during 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 last quarter. Institutional investors own 57.82% of the company's stock.

HudBay Minerals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 8th. HudBay Minerals's dividend payout ratio (DPR) is 1.18%.

HudBay Minerals Company Profile

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.

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