Scotiabank Decreases Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Scotiabank dropped their FY2026 earnings per share estimates for shares of Hudbay Minerals in a note issued to investors on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $0.76 per share for the year, down from their prior estimate of $0.81. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals' FY2026 earnings at $0.76 EPS.

HBM has been the subject of a number of other research reports. Raymond James Financial raised Hudbay Minerals to a "moderate buy" rating in a report on Monday, June 30th. TD Securities lifted their target price on Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Desjardins lifted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. National Bankshares lifted their target price on Hudbay Minerals from C$14.50 to C$16.50 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada lifted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Eight research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$16.05.

Hudbay Minerals Price Performance

HBM stock traded down C$0.06 during mid-day trading on Friday, reaching C$13.41. 1,819,968 shares of the company traded hands, compared to its average volume of 1,706,022. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The company has a market capitalization of C$3.72 billion, a P/E ratio of 37.76, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 52-week low of C$8.49 and a 52-week high of C$15.19. The company has a fifty day moving average price of C$13.22 and a 200-day moving average price of C$11.86.

Insider Buying and Selling at Hudbay Minerals

In other news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total value of C$396,204.00. Over the last ninety days, insiders sold 34,074 shares of company stock worth $447,953. 0.07% of the stock is owned by insiders.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.