HudBay Minerals (NYSE:HBM) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

HudBay Minerals (NYSE:HBM) (TSE:HBM) announced its earnings results on Wednesday. The mining company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02, Zacks reports. HudBay Minerals had a return on equity of 10.73% and a net margin of 27.48%.The business had revenue of $631.30 million for the quarter, compared to the consensus estimate of $632.43 million. During the same period in the previous year, the business earned $0.19 EPS. HudBay Minerals’s revenue was up 17.7% compared to the same quarter last year.

Here are the key takeaways from HudBay Minerals’ conference call:

• Strong financial performance and balance sheet: Hudbay reported record trailing-12-month adjusted EBITDA of $1.3 billion, more than $100 million in quarterly free cash flow, over $1 billion of liquidity, and a net cash position of $80 million.
• The company reaffirmed 2026 production guidance across its operating regions and improved consolidated cash cost guidance, citing higher throughput, operating efficiencies, and strong gold by-product credits that offset fuel and input-cost inflation.
• Copper Mountain delivered record quarterly throughput since Hudbay’s acquisition, while the primary SAG mill repair has been completed; management expects the operation to reach its permitted 50,000-ton-per-day capacity in the second half and access higher-grade ore later this year.
• Copper World’s definitive feasibility study is expected to show higher capital costs than the 2023 pre-feasibility study due to inflation and scope changes, although management said the project remains economically robust and a final investment decision is still targeted for later in 2026.
• The completed Arizona Sonoran acquisition adds the Cactus copper project and expands Hudbay’s U.S. growth pipeline; management expects staged development of Copper World, Cactus, and Mason to provide a path toward roughly 500,000 tons of annual copper production by the middle of the next decade.

HudBay Minerals Trading Down 0.1%

HBM stock traded down $0.02 during midday trading on Friday, reaching $22.73. The stock had a trading volume of 2,085,561 shares, compared to its average volume of 5,836,780. The business has a fifty day simple moving average of $24.68 and a two-hundred day simple moving average of $24.14. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 0.34 and a beta of 1.48. HudBay Minerals has a twelve month low of $9.01 and a twelve month high of $32.15.

HudBay Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 8th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $0.04 annualized dividend and a yield of 0.2%. HudBay Minerals’s dividend payout ratio (DPR) is currently 1.81%.

Wall Street Analysts Forecast Growth

HBM has been the topic of a number of recent analyst reports. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research note on Thursday. Wall Street Zen upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Weiss Ratings raised shares of HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 29th. Bank of America lowered their price objective on shares of HudBay Minerals from $33.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Barclays upped their target price on shares of HudBay Minerals from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. raised its position in HudBay Minerals by 0.6% during the fourth quarter. Vontobel Holding Ltd. now owns 126,090 shares of the mining company’s stock worth $2,503,000 after acquiring an additional 738 shares in the last quarter. Allworth Financial LP grew its position in shares of HudBay Minerals by 107.9% in the 3rd quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after acquiring an additional 1,033 shares during the period. Creative Planning grew its position in shares of HudBay Minerals by 5.4% in the 2nd quarter. Creative Planning now owns 25,067 shares of the mining company’s stock valued at $266,000 after acquiring an additional 1,289 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of HudBay Minerals by 29.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 9,714 shares of the mining company’s stock worth $147,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of HudBay Minerals in the 3rd quarter valued at about $38,000. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Company Profile

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.