Scotiabank Decreases Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Scotiabank dropped their FY2026 earnings estimates for Hudbay Minerals in a research note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $2.02 per share for the year, down from their prior estimate of $2.10. Scotiabank has a “Sector Outperform” rating and a $43.00 price objective on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals’ FY2027 earnings at $2.49 EPS.

A number of other research analysts have also recently weighed in on HBM. TD raised their price objective on shares of Hudbay Minerals from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. Raymond James Financial reduced their target price on Hudbay Minerals from C$43.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Stifel Nicolaus increased their target price on Hudbay Minerals from C$41.00 to C$43.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. BMO Capital Markets dropped their price target on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, Canaccord Genuity Group dropped their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and a consensus price target of C$42.58.

Hudbay Minerals Stock Up 3.4%

HBM stock opened at C$31.03 on Thursday. The company’s 50 day simple moving average is C$36.13 and its 200-day simple moving average is C$34.49. The firm has a market capitalization of C$13.78 billion, a PE ratio of 19.06, a P/E/G ratio of 3.97 and a beta of 2.37. Hudbay Minerals has a 12 month low of C$20.26 and a 12 month high of C$44.48. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were paid 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 of this dividend was Tuesday, September 8th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 1.32%.

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.