Cormark Weighs in on Hudbay Minerals’ Q1 Earnings (NYSE:HBM)

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Cormark cut their Q1 2026 earnings per share estimates for Hudbay Minerals in a research note issued on Friday, February 21st. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.09 per share for the quarter, down from their previous estimate of $0.11. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share. Cormark also issued estimates for Hudbay Minerals’ Q2 2026 earnings at $0.09 EPS, Q3 2026 earnings at $0.09 EPS, Q4 2026 earnings at $0.09 EPS and FY2026 earnings at $0.36 EPS.

Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Stock Performance

NYSE:HBM opened at $7.11 on Monday. The company has a market cap of $2.81 billion, a P/E ratio of 39.47 and a beta of 1.74. The firm’s 50 day moving average is $8.45 and its two-hundred day moving average is $8.55. Hudbay Minerals has a fifty-two week low of $5.45 and a fifty-two week high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The company had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. During the same period in the prior year, the company earned $0.20 EPS. The company’s revenue was down 2.9% compared to the same quarter last year.

Hedge Funds Weigh In On Hudbay Minerals

A number of hedge funds have recently made changes to their positions in the business. Cinctive Capital Management LP increased its holdings in Hudbay Minerals by 39.7% in the 3rd quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock valued at $3,777,000 after purchasing an additional 116,732 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Hudbay Minerals by 23.1% during the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after buying an additional 1,441,991 shares during the period. Toronto Dominion Bank raised its holdings in shares of Hudbay Minerals by 300.9% during the 3rd quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company’s stock valued at $2,085,000 after buying an additional 170,257 shares during the period. Mountaineer Partners Management LLC lifted its position in Hudbay Minerals by 792.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock worth $94,874,000 after acquiring an additional 9,166,952 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in Hudbay Minerals by 12.2% in the 3rd quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company’s stock worth $30,340,000 after acquiring an additional 359,126 shares during the period. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.007 per share. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 4th. Hudbay Minerals’s payout ratio is currently 5.56%.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.