HudBay Minerals FY2026 EPS Forecast Decreased by Desjardins

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Stock analysts at Desjardins decreased their FY2026 earnings per share estimates for HudBay Minerals in a report released on Wednesday, November 12th. Desjardins analyst B. Adams now forecasts that the mining company will post earnings per share of $0.72 for the year, down from their previous forecast of $0.77. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, November 12th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $346.80 million for the quarter, compared to analyst estimates of $538.16 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The company’s revenue was down 28.6% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS.

Several other equities research analysts also recently commented on HBM. Wall Street Zen downgraded HudBay Minerals from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 25th. Zacks Research downgraded shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday. National Bankshares reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Weiss Ratings restated a “buy (b-)” rating on shares of HudBay Minerals in a research note on Wednesday, October 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, October 28th. Two investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $19.50.

HudBay Minerals Trading Up 0.5%

HBM traded up $0.09 during trading on Friday, hitting $15.95. The company’s stock had a trading volume of 1,950,408 shares, compared to its average volume of 7,340,884. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. HudBay Minerals has a twelve month low of $5.95 and a twelve month high of $17.73. The stock’s fifty day moving average price is $15.30 and its 200-day moving average price is $11.68. The firm has a market capitalization of $6.32 billion, a P/E ratio of 21.80 and a beta of 1.58.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HBM. SBI Securities Co. Ltd. lifted its holdings in shares of HudBay Minerals by 64.6% in the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock worth $29,000 after buying an additional 1,481 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in HudBay Minerals in the 1st quarter worth approximately $33,000. Global Retirement Partners LLC bought a new position in HudBay Minerals in the 3rd quarter valued at $45,000. Jones Financial Companies Lllp boosted its holdings in HudBay Minerals by 131.6% in 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 period. Finally, Plato Investment Management Ltd purchased a new position in shares of HudBay Minerals during the 2nd quarter valued at $84,000. Hedge funds and other institutional investors own 57.82% of the company’s stock.

About HudBay Minerals

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.