Canaccord Genuity Group Cuts Hudbay Minerals (TSE:HBM) Price Target to C$39.50

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price reduced by Canaccord Genuity Group from C$40.00 to C$39.50 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Several other analysts also recently issued reports on HBM. Scotiabank upped their price target on Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a research note on Thursday, June 25th. Canadian Imperial Bank of Commerce raised their price objective on shares of Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Barclays upped their target price on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. National Bank Financial reduced their price target on shares of Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Stifel Nicolaus raised their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and a consensus target price of C$40.91.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$31.81 on Thursday. The company has a market capitalization of C$14.12 billion, a PE ratio of 19.05, a PEG ratio of 3.97 and a beta of 2.36. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. The company’s 50 day moving average price is C$34.72 and its 200 day moving average price is C$33.43. Hudbay Minerals has a 52 week low of C$12.44 and a 52 week high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$896.94 million during the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%. Research analysts expect that Hudbay Minerals will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio is presently 0.87%.

More Hudbay Minerals News

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

• Positive Sentiment: Analysts remain constructive on Hudbay, with Scotiabank maintaining a “sector outperform” rating, BMO Capital Markets reiterating “outperform,” Canaccord Genuity retaining a “buy” rating, and ATB Cormark keeping an “outperform” rating. Their revised targets of C$35.00 to C$44.00 still imply approximately 10% to 38% potential upside from recent trading levels. Analysts Offer Insights on Materials Companies
• Neutral Sentiment: Hudbay corrected a typographical error in its previous announcement regarding the record date and payment date for its quarterly cash dividend scheduled for September 2026. The correction clarifies the dividend timetable but does not change the underlying dividend or indicate a change in the company’s capital-return policy. Hudbay Announces Correction to its Upcoming Dividend Record and Payment Dates
• Negative Sentiment: Four analysts lowered their Hudbay price targets: Scotiabank cut its target from C$44.00 to C$43.00, BMO from C$46.00 to C$44.00, Canaccord from C$40.00 to C$39.50, and ATB Cormark from C$35.50 to C$35.00. Although all retained positive ratings, the reductions suggest more cautious assumptions about valuation, metals prices, or near-term execution. Hudbay Minerals Analyst Ratings

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.