Brokers Set Expectations for HudBay Minerals Q2 Earnings

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Analysts at National Bank Financial issued their Q2 2026 earnings per share (EPS) estimates for shares of HudBay Minerals in a research report issued to clients and investors on Wednesday, June 24th. National Bank Financial analyst S. Nagle expects that the mining company will post earnings per share of $0.38 for the quarter. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.65 per share. National Bank Financial also issued estimates for HudBay Minerals’ Q3 2026 earnings at $0.39 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.57 EPS, Q1 2027 earnings at $0.39 EPS, Q2 2027 earnings at $0.39 EPS, Q3 2027 earnings at $0.40 EPS, Q4 2027 earnings at $0.39 EPS, FY2027 earnings at $1.57 EPS, Q1 2028 earnings at $0.29 EPS, FY2028 earnings at $1.26 EPS, FY2029 earnings at $1.31 EPS and FY2030 earnings at $0.92 EPS.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $757.30 million for the quarter, compared to analyst estimates of $684.73 million. HudBay Minerals had a return on equity of 10.04% and a net margin of 27.75%.The business’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share.

A number of other research analysts also recently issued reports on HBM. Barclays initiated coverage on shares of HudBay Minerals in a research report on Thursday, May 21st. They issued an “overweight” rating and a $30.00 price target on the stock. Scotiabank reiterated an “outperform” rating on shares of HudBay Minerals in a research report on Thursday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Weiss Ratings lowered shares of HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Wall Street Zen raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $27.33.

HudBay Minerals Stock Performance

Shares of HBM stock opened at $23.68 on Tuesday. The stock has a market capitalization of $9.41 billion, a PE ratio of 14.26, a PEG ratio of 0.27 and a beta of 1.43. The business’s 50 day simple moving average is $25.86 and its 200 day simple moving average is $23.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 1.20. HudBay Minerals has a one year low of $8.93 and a one year high of $32.15.

HudBay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, June 9th were paid a $0.01 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. HudBay Minerals’s dividend payout ratio (DPR) is currently 1.81%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. FIL Ltd raised its holdings in shares of HudBay Minerals by 202.0% in the 4th quarter. FIL Ltd now owns 33,143,172 shares of the mining company’s stock worth $658,010,000 after acquiring an additional 22,169,339 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in HudBay Minerals during the 3rd quarter worth approximately $123,736,000. Mackenzie Financial Corp increased its holdings in HudBay Minerals by 116.1% during the 4th quarter. Mackenzie Financial Corp now owns 10,178,626 shares of the mining company’s stock worth $202,327,000 after purchasing an additional 5,468,109 shares in the last quarter. Norges Bank purchased a new stake in shares of HudBay Minerals in the fourth quarter worth approximately $105,315,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of HudBay Minerals by 144.2% in the first quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company’s stock worth $55,264,000 after purchasing an additional 4,299,428 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Key HudBay Minerals News

Here are the key news stories impacting HudBay Minerals this week:

• Positive Sentiment: HudBay Minerals has been outperforming the broader market, which may be supporting investor sentiment in the shares. HudBay Minerals (HBM) Outperforms Broader Market: What You Need to Know
• Positive Sentiment: Scotiabank raised its FY2030 EPS estimate for HudBay Minerals to $2.44 from $1.03 and kept an Outperform rating, signaling stronger long-term earnings potential.
• Neutral Sentiment: National Bank Financial published multiple earnings estimates for HudBay Minerals across 2026-2030, broadly projecting steady quarterly earnings and moderate long-term profitability.
• Negative Sentiment: National Bank Financial’s FY2026 EPS estimate of $1.57 and FY2029 estimate of $1.31 are below the current consensus of $1.65, which could be viewed as a slight valuation headwind.
• Negative Sentiment: Scotiabank also flagged a more cautious view on near-term Q2 earnings, suggesting some uncertainty around immediate results. Scotiabank Has Negative View of HudBay Minerals Q2 Earnings

About HudBay Minerals

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.