Scotiabank Increases Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM - Free Report) NYSE: HBM - Analysts at Scotiabank boosted their Q1 2026 earnings estimates for Hudbay Minerals in a research report issued to clients and investors on Monday, July 21st. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $0.26 per share for the quarter, up from their previous forecast of $0.20. The consensus estimate for Hudbay Minerals' current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals' Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.22 EPS and Q4 2026 earnings at $0.22 EPS.

Several other equities analysts also recently commented on HBM. Veritas raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada increased their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Raymond James Financial raised shares of Hudbay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Finally, BMO Capital Markets raised Hudbay Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Eight research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$16.17.

Hudbay Minerals Stock Down 0.4%

Hudbay Minerals stock traded down C$0.06 during mid-day trading on Thursday, hitting C$13.49. 1,097,391 shares of the company's stock were exchanged, compared to its average volume of 1,702,202. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The stock has a market cap of C$3.74 billion, a P/E ratio of 37.99, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals has a 1-year low of C$8.49 and a 1-year high of C$15.19. The stock has a 50 day moving average of C$13.41 and a two-hundred day moving average of C$11.90.

Insider Transactions at Hudbay Minerals

In related news, Director Gregory Paul Dryden sold 30,000 shares of the business's stock in a transaction dated 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 the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total value of C$38,080.50. Over the last three months, insiders have sold 34,074 shares of company stock worth $447,953. 0.07% of the stock is owned by company insiders.

Hudbay Minerals Company Profile

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.