HudBay Minerals (NYSE:HBM) Posts Earnings Results, Beats Estimates By $0.02 EPS

HudBay Minerals (NYSE:HBM) (TSE:HBM) announced its quarterly earnings data on Wednesday. The mining company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02, Zacks reports. HudBay Minerals had a return on equity of 10.04% and a net margin of 27.75%.The business had revenue of $631.30 million during the quarter, compared to the consensus estimate of $632.43 million. During the same period in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis.

Here are the key takeaways from HudBay Minerals’ conference call:

• Strong financial performance and balance sheet: Hudbay reported record trailing-12-month adjusted EBITDA of $1.3 billion, more than $100 million in quarterly free cash flow, over $1 billion of liquidity, and a net cash position of $80 million.
• The company reaffirmed 2026 production guidance across its operating regions and improved consolidated cash cost guidance, citing higher throughput, operating efficiencies, and strong gold by-product credits that offset fuel and input-cost inflation.
• Copper Mountain delivered record quarterly throughput since Hudbay’s acquisition, while the primary SAG mill repair has been completed; management expects the operation to reach its permitted 50,000-ton-per-day capacity in the second half and access higher-grade ore later this year.
• Copper World’s definitive feasibility study is expected to show higher capital costs than the 2023 pre-feasibility study due to inflation and scope changes, although management said the project remains economically robust and a final investment decision is still targeted for later in 2026.
• The completed Arizona Sonoran acquisition adds the Cactus copper project and expands Hudbay’s U.S. growth pipeline; management expects staged development of Copper World, Cactus, and Mason to provide a path toward roughly 500,000 tons of annual copper production by the middle of the next decade.

HudBay Minerals Stock Performance

Shares of HBM stock opened at $22.67 on Thursday. The stock’s 50-day moving average is $24.72 and its two-hundred day moving average is $24.14. The firm has a market cap of $10.07 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.34 and a beta of 1.48. HudBay Minerals has a 1 year low of $9.01 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.36.

HudBay Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 8th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date is Tuesday, September 8th. HudBay Minerals’s dividend payout ratio is currently 1.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of HudBay Minerals in a research note on Monday, July 6th. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, June 25th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, April 21st. Weiss Ratings raised shares of HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 29th. Finally, Citigroup reaffirmed a “positive” rating on shares of HudBay Minerals in a research report on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, HudBay Minerals has a consensus rating of “Moderate Buy” and an average target price of $31.33.

Hedge Funds Weigh In On HudBay Minerals

A number of institutional investors have recently modified their holdings of the business. Allworth Financial LP grew its position in HudBay Minerals by 107.9% in the 3rd quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after buying an additional 1,033 shares during the last quarter. Quarry LP purchased a new position in HudBay Minerals in the third quarter worth $38,000. IFP Advisors Inc acquired a new stake in shares of HudBay Minerals in the third quarter valued at about $45,000. Banque Cantonale Vaudoise lifted its position 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 during the period. Finally, Jones Financial Companies Lllp raised its holdings in HudBay Minerals by 131.6% during the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after purchasing an additional 3,733 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

About HudBay Minerals

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.