Q1 EPS Estimates for HudBay Minerals Lowered by Scotiabank

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Analysts at Scotiabank lowered their Q1 2027 earnings estimates for HudBay Minerals in a research report issued to clients and investors on Monday, November 17th. Scotiabank analyst O. Wowkodaw now expects that the mining company will earn $0.28 per share for the quarter, down from their previous forecast of $0.34. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for HudBay Minerals’ Q2 2027 earnings at $0.28 EPS and Q3 2027 earnings at $0.29 EPS.

Several other brokerages also recently commented on HBM. Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Friday, October 10th. The Goldman Sachs Group began coverage on HudBay Minerals in a report on Monday, September 8th. They set a “buy” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of HudBay Minerals in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, HudBay Minerals has a consensus rating of “Buy” and an average target price of $19.50.

HudBay Minerals Trading Down 1.5%

Shares of HBM stock opened at $15.11 on Wednesday. The business’s 50 day moving average is $15.45 and its two-hundred day moving average is $11.91. 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 12 month low of $5.95 and a 12 month high of $17.73. The company has a market cap of $5.98 billion, a PE ratio of 20.69 and a beta of 1.58.

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

Institutional Investors Weigh In On HudBay Minerals

A number of institutional investors have recently bought and sold shares of HBM. Allianz Asset Management GmbH increased its holdings in HudBay Minerals by 61.9% in the 1st quarter. Allianz Asset Management GmbH now owns 2,492,905 shares of the mining company’s stock valued at $18,897,000 after buying an additional 952,776 shares during the period. Nikko Asset Management Americas Inc. increased its stake in HudBay Minerals by 142.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 100,303 shares of the mining company’s stock valued at $761,000 after acquiring an additional 58,999 shares during the period. Mackenzie Financial Corp raised its position in HudBay Minerals by 20.8% in the first quarter. Mackenzie Financial Corp now owns 4,927,081 shares of the mining company’s stock worth $37,353,000 after purchasing an additional 847,934 shares in the last quarter. Federated Hermes Inc. lifted its stake in HudBay Minerals by 1.4% during the first quarter. Federated Hermes Inc. now owns 126,836 shares of the mining company’s stock worth $963,000 after purchasing an additional 1,794 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in HudBay Minerals during the first quarter valued at approximately $33,000. Institutional investors and hedge funds 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.