HudBay Minerals (NYSE:HBM) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded HudBay Minerals from "Hold" to "Buy"; MarketBeat shows a consensus of Moderate Buy with a $26.00 price target and the majority of analysts rating the stock as Buy or Strong Buy.
• Q1 results beat expectations: HudBay reported $0.40 EPS vs. $0.34 consensus and $757.3M revenue (up ~27% YoY), delivering record quarterly revenue and adjusted EBITDA with strong margins that support cash flow and valuation.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on HBM. Zacks Research cut shares of HudBay Minerals from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 17th. Raymond James Financial reiterated an "outperform" rating on shares of HudBay Minerals in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of HudBay Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, February 10th. UBS Group initiated coverage on shares of HudBay Minerals in a research report on Thursday, January 8th. They set a "buy" rating on the stock. Finally, National Bank Financial cut shares of HudBay Minerals from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, HudBay Minerals currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.00.

HudBay Minerals Trading Down 1.3%

HudBay Minerals stock opened at $22.81 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.78 and a current ratio of 0.95. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 0.29 and a beta of 1.37. HudBay Minerals has a 1 year low of $7.33 and a 1 year high of $28.74. The firm's 50 day moving average price is $23.03 and its two-hundred day moving average price is $20.87.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. The firm had revenue of $757.30 million for the quarter, compared to analysts' expectations of $684.73 million. During the same period in the previous year, the company posted $0.24 EPS. The company's quarterly revenue was up 27.3% compared to the same quarter last year. On average, research analysts predict that HudBay Minerals will post 1.56 EPS for the current fiscal year.

Hedge Funds Weigh In On HudBay Minerals

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in shares of HudBay Minerals by 107.9% during the 3rd quarter. Allworth Financial LP now owns 1,990 shares of the mining company's stock valued at $30,000 after acquiring an additional 1,033 shares in the last quarter. Quarry LP purchased a new position in shares of HudBay Minerals during the 3rd quarter valued at $38,000. Global Retirement Partners LLC purchased a new position in shares of HudBay Minerals during the 3rd quarter valued at $45,000. IFP Advisors Inc purchased a new position in shares of HudBay Minerals during the 3rd quarter valued at $45,000. Finally, Banque Cantonale Vaudoise grew 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 acquiring an additional 2,655 shares in the last quarter. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

More HudBay Minerals News

Here are the key news stories impacting HudBay Minerals this week:

• Positive Sentiment: Q1 results beat expectations — HudBay reported $0.40 EPS vs. consensus $0.34 and revenue grew ~27% year-over-year; margins were strong (net margin ~25.7%). This outperformance and improved profitability are constructive for cash flow and valuation. HudBay Minerals (HBM) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Company announced record quarterly revenue and record adjusted EBITDA for Q1, indicating stronger operating performance that supports free cash flow and potential deleveraging or shareholder returns. Hudbay Announces First Quarter 2026 Results and Delivers Record Quarterly Revenue and Adjusted EBITDA
• Neutral Sentiment: Management materials available — the company posted the press release, slide deck and conference call recording/transcript for Q1; investors should review guidance/comments on production, costs and commodity price sensitivity in the call. View Press Release View Slide Deck Listen to Conference Call
• Neutral Sentiment: Analyst write-ups and metric comparisons are available (Zacks review of key metrics vs. estimates) — useful for investors who want detail on volumes, realized prices and unit costs versus consensus. HudBay Minerals (HBM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Paradigm Capital cut near- and medium-term EPS estimates across Q2–Q4 2026 and FY2027–FY2029, trimming forward expectations; those downward revisions can pressure the stock despite the beat, as they reduce modeled upside and may prompt investor caution. (Paradigm note issued Apr. 27)

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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