Stifel Canada Raises Earnings Estimates for HudBay Minerals

Key Points

• Stifel Canada raised its Q3 2025 earnings per share (EPS) estimate for HudBay Minerals to $0.19, up from $0.18, with a full-year estimate of $0.79.
• The company reported Q2 earnings of $0.19 per share, exceeding analyst expectations of $0.11, with a revenue of $536.40 million.
• HudBay Minerals will pay a semi-annual dividend of $0.0073 per share, up from its previous dividend, reflecting improved financial performance.

HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Analysts at Stifel Canada upped their Q3 2025 earnings estimates for shares of HudBay Minerals in a research note issued on Tuesday, August 19th. Stifel Canada analyst R. Profiti now forecasts that the mining company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.18. The consensus estimate for HudBay Minerals' current full-year earnings is $0.79 per share. Stifel Canada also issued estimates for HudBay Minerals' FY2025 earnings at $0.82 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.16 EPS, Q3 2026 earnings at $0.16 EPS, Q4 2026 earnings at $0.16 EPS, FY2026 earnings at $0.65 EPS and FY2029 earnings at $1.06 EPS.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm had revenue of $536.40 million during the quarter, compared to analyst estimates of $558.21 million. The business's revenue for the quarter was up 26.1% on a year-over-year basis.

A number of other brokerages have also issued reports on HBM. Veritas upgraded shares of HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Wall Street Zen downgraded HudBay Minerals from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 17th. CIBC restated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, July 15th. Raymond James Financial upgraded HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. Finally, Scotiabank reiterated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

HudBay Minerals Stock Performance

Shares of HudBay Minerals stock traded up $0.4850 during midday trading on Wednesday, hitting $11.7650. The company had a trading volume of 6,075,832 shares, compared to its average volume of 7,736,259. The company has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $8.72. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 0.28 and a beta of 1.63. The company has a quick ratio of 1.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. HudBay Minerals has a 12-month low of $5.95 and a 12-month high of $12.10.

Institutional Trading of HudBay Minerals

Hedge funds have recently added to or reduced their stakes in the company. GMT Capital Corp acquired a new stake in HudBay Minerals during the second quarter valued at $337,809,000. Hancock Prospecting Pty Ltd acquired a new stake in HudBay Minerals during the second quarter valued at $154,359,000. Picton Mahoney Asset Management acquired a new stake in HudBay Minerals during the second quarter valued at $61,432,000. Norges Bank purchased a new position in shares of HudBay Minerals during the 2nd quarter valued at approximately $60,053,000. Finally, Millennium Management LLC lifted its position in shares of HudBay Minerals by 298.5% during the 1st quarter. Millennium Management LLC now owns 6,115,053 shares of the mining company's stock valued at $46,411,000 after buying an additional 4,580,718 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.

HudBay Minerals Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.0073 per share. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a dividend yield of 10.0%. HudBay Minerals's payout ratio is presently 1.37%.

HudBay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.