FY2026 EPS Estimates for HudBay Minerals Cut by Desjardins

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

A number of other research analysts have also commented on HBM. Bank of America upped their target price on HudBay Minerals from $16.50 to $19.50 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b-)” rating on shares of HudBay Minerals in a research note on Wednesday, October 8th. National Bankshares reiterated an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Zacks Research lowered shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, HudBay Minerals currently has an average rating of “Buy” and an average target price of $19.50.

HudBay Minerals Stock Performance

HBM traded up $0.09 on Friday, hitting $15.95. 1,950,408 shares of the stock traded hands, compared to its average volume of 7,340,884. The business has a fifty day moving average price of $15.30 and a two-hundred day moving average price of $11.68. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.32 billion, a PE ratio of 21.80 and a beta of 1.58. HudBay Minerals has a 52 week low of $5.95 and a 52 week high of $17.73.

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

Institutional Trading of HudBay Minerals

Several institutional investors and hedge funds have recently bought and sold shares of HBM. GMT Capital Corp bought a new stake in HudBay Minerals in the 2nd quarter valued at $337,809,000. Vanguard Group Inc. grew its stake in HudBay Minerals by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 16,198,255 shares of the mining company’s stock valued at $245,355,000 after buying an additional 373,399 shares during the last quarter. L1 Capital Pty Ltd lifted its position in HudBay Minerals by 4.4% during the second quarter. L1 Capital Pty Ltd now owns 15,054,087 shares of the mining company’s stock worth $159,864,000 after acquiring an additional 630,703 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of HudBay Minerals by 2.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,993,620 shares of the mining company’s stock valued at $113,657,000 after purchasing an additional 331,121 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd acquired a new stake in HudBay Minerals during the 2nd quarter worth approximately $154,359,000. 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.