Scotiabank Predicts Increased Earnings for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Scotiabank lifted their FY2026 earnings estimates for Hudbay Minerals in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the mining company will post earnings per share of $0.77 for the year, up from their prior estimate of $0.48. Scotiabank currently has a “Outperform” rating and a $15.00 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other research firms also recently weighed in on HBM. National Bankshares lifted their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research report on Tuesday, October 15th. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Trading Down 2.5 %

Shares of Hudbay Minerals stock opened at C$12.63 on Friday. Hudbay Minerals has a 1-year low of C$6.72 and a 1-year high of C$14.33. The company’s fifty day simple moving average is C$12.38 and its 200-day simple moving average is C$11.83. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The stock has a market capitalization of C$4.97 billion, a PE ratio of 34.14, a P/E/G ratio of 3.97 and a beta of 1.83.

Insiders Place Their Bets

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

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.