Hudbay Minerals FY2026 EPS Forecast Boosted by Scotiabank

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Scotiabank increased their FY2026 EPS estimates for shares of Hudbay Minerals in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will earn $0.54 per share for the year, up from their previous forecast of $0.34. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.55 per share.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.09. The business had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS.

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Stock Up 2.4 %

HBM opened at $8.83 on Friday. The firm has a 50 day moving average price of $8.74 and a 200 day moving average price of $8.54. The company has a market cap of $3.48 billion, a PE ratio of 38.39 and a beta of 1.76. Hudbay Minerals has a 1 year low of $4.94 and a 1 year high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Institutional Trading of Hudbay Minerals

Large investors have recently bought and sold shares of the company. Cinctive Capital Management LP grew its position in Hudbay Minerals by 39.7% in the third quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock valued at $3,777,000 after acquiring an additional 116,732 shares in the last quarter. Bank of Montreal Can boosted its stake 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 last quarter. Toronto Dominion Bank boosted its stake 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 last quarter. Artemis Investment Management LLP purchased a new position in shares of Hudbay Minerals during the 3rd quarter valued at approximately $20,907,000. Finally, Driehaus Capital Management LLC purchased a new position in shares of Hudbay Minerals during the 2nd quarter valued at approximately $14,718,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

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.