HudBay Minerals FY2026 EPS Forecast Increased by Scotiabank

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities research analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of HudBay Minerals in a research note issued to investors on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $1.55 per share for the year, up from their previous forecast of $1.46. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.57 per share. Scotiabank also issued estimates for HudBay Minerals’ FY2027 earnings at $2.01 EPS.

Several other equities analysts have also commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of HudBay Minerals in a research report on Monday, July 6th. Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Barclays lifted their price target on HudBay Minerals from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Citigroup reissued a “positive” rating on shares of HudBay Minerals in a research note on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, HudBay Minerals presently has a consensus rating of “Moderate Buy” and an average price target of $31.33.

HudBay Minerals Trading Up 1.8%

Shares of HBM opened at $26.36 on Friday. The company’s fifty day moving average is $24.55 and its 200 day moving average is $24.21. HudBay Minerals has a fifty-two week low of $9.24 and a fifty-two week high of $32.15. The stock has a market capitalization of $11.71 billion, a PE ratio of 15.50, a P/E/G ratio of 0.40 and a beta of 1.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 2.24.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Wednesday, July 29th. The mining company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.The firm had revenue of $631.30 million during the quarter, compared to the consensus estimate of $632.43 million. During the same period in the prior year, the company earned $0.19 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its stake in shares of HudBay Minerals by 107.9% in the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after acquiring an additional 1,033 shares during the period. Quarry LP purchased a new position in shares of HudBay Minerals during the 3rd quarter worth about $38,000. IFP Advisors Inc purchased a new position in shares of HudBay Minerals during the 3rd quarter worth about $45,000. Banque Cantonale Vaudoise grew its holdings in 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 purchasing an additional 2,655 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in HudBay Minerals by 131.6% during the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after purchasing an additional 3,733 shares during the last quarter. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Announces Dividend

The company 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 dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, September 8th. HudBay Minerals’s payout ratio is presently 1.18%.

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.