Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Equities research analysts at Scotiabank lowered their FY2026 earnings per share estimates for Hudbay Minerals in a research note issued to investors on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.76 per share for the year, down from their previous 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.
A number of other analysts have also issued reports on HBM. Raymond James Financial upgraded Hudbay Minerals to a "moderate buy" rating in a report on Monday, June 30th. TD Securities boosted their price objective on Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. National Bankshares boosted their price objective 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. Desjardins lifted their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Veritas upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Eight analysts have rated the stock with a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$16.05.
Read Our Latest Stock Analysis on HBM
Hudbay Minerals Price Performance
HBM traded up C$0.06 on Friday, hitting C$13.47. 681,503 shares of the company's stock traded hands, compared to its average volume of 1,698,305. The company's 50 day simple moving average is C$13.22 and its 200-day simple moving average is C$11.86. The firm has a market cap of C$3.74 billion, a price-to-earnings ratio of 37.93, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a one year low of C$8.49 and a one year high of C$15.19. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.
Insider Buying and Selling
In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total transaction of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of Hudbay Minerals stock in a transaction that occurred 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. Insiders have sold 34,074 shares of company stock worth $447,953 in the last quarter. Insiders own 0.07% of the company's stock.
About Hudbay Minerals
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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.
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