HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM - Equities researchers at Scotiabank raised their Q1 2026 earnings per share estimates for shares of HudBay Minerals in a research report issued on Monday, July 21st. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.14. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for HudBay Minerals' current full-year earnings is $0.79 per share. Scotiabank also issued estimates for HudBay Minerals' Q2 2026 earnings at $0.19 EPS, Q3 2026 earnings at $0.16 EPS and Q4 2026 earnings at $0.16 EPS.
HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.14. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. The company had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period in the previous year, the company posted $0.22 EPS. The firm's revenue was up 13.3% on a year-over-year basis.
Several other research analysts also recently weighed in on HBM. 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. BMO Capital Markets started coverage on HudBay Minerals in a research note on Wednesday, April 16th. They issued an "outperform" rating for the company. Desjardins started coverage on HudBay Minerals in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Veritas upgraded HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy".
Read Our Latest Stock Analysis on HBM
HudBay Minerals Price Performance
HBM stock traded down $0.06 during midday trading on Thursday, hitting $9.82. The company's stock had a trading volume of 4,658,877 shares, compared to its average volume of 7,351,419. HudBay Minerals has a 12 month low of $5.95 and a 12 month high of $11.13. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63. The company has a 50 day moving average of $9.80 and a two-hundred day moving average of $8.50.
Institutional Trading of HudBay Minerals
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of HudBay Minerals by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 15,398,817 shares of the mining company's stock worth $116,738,000 after acquiring an additional 131,012 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of HudBay Minerals by 2.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,993,620 shares of the mining company's stock worth $113,657,000 after acquiring an additional 331,121 shares in the last quarter. L1 Capital Pty Ltd raised its holdings in shares of HudBay Minerals by 44.1% during the 1st quarter. L1 Capital Pty Ltd now owns 14,423,384 shares of the mining company's stock worth $109,365,000 after acquiring an additional 4,410,778 shares in the last quarter. Invesco Ltd. raised its holdings in shares of HudBay Minerals by 2.7% during the 4th quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company's stock worth $95,708,000 after acquiring an additional 314,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of HudBay Minerals by 86.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock worth $74,105,000 after acquiring an additional 4,253,400 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.
HudBay Minerals Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider HudBay Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HudBay Minerals wasn't on the list.
While HudBay Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
