Scotiabank Decreases Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Scotiabank decreased their FY2026 earnings per share estimates for shares of Hudbay Minerals in a note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $2.02 per share for the year, down from their prior estimate of $2.10. Scotiabank currently has a “Sector Outperform” rating and a $43.00 target price 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.

Several other research analysts have also recently issued reports on HBM. Stifel Nicolaus increased their price objective on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada boosted their target price on shares of Hudbay Minerals from C$40.00 to C$48.00 in a research report on Wednesday, September 16th. Raymond James Financial lowered their price target on shares of 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. Haywood Securities increased their price target on shares of Hudbay Minerals from C$43.00 to C$45.00 in a report on Wednesday, September 30th. Finally, Barclays increased their price target on shares of Hudbay Minerals from C$41.00 to C$45.00 in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$42.58.

Hudbay Minerals Stock Up 3.4%

Hudbay Minerals stock opened at C$31.03 on Thursday. The stock’s 50 day moving average price is C$36.13 and its 200 day moving average price is C$34.49. Hudbay Minerals has a 1-year low of C$20.26 and a 1-year high of C$44.48. The company has a market cap of C$13.78 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.97 and a beta of 2.37. 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 disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 25th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 annualized dividend and a yield of 0.1%. Hudbay Minerals’s payout ratio 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.