National Bank Financial Weighs in on Hudbay Minerals Q2 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities researchers at National Bank Financial issued their Q2 2026 EPS estimates for shares of Hudbay Minerals in a research note issued to investors on Wednesday, June 24th. National Bank Financial analyst S. Nagle forecasts that the mining company will earn $0.54 per share for the quarter. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.57 EPS, FY2026 earnings at $2.23 EPS, Q1 2027 earnings at $0.55 EPS, Q2 2027 earnings at $0.55 EPS, Q3 2027 earnings at $0.57 EPS, Q4 2027 earnings at $0.55 EPS, FY2027 earnings at $2.23 EPS, Q1 2028 earnings at $0.41 EPS, FY2028 earnings at $1.79 EPS, FY2029 earnings at $1.86 EPS and FY2030 earnings at $1.31 EPS.

A number of other brokerages also recently issued reports on HBM. Canadian Imperial Bank of Commerce boosted their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. BMO Capital Markets raised their target price on shares of Hudbay Minerals from C$33.00 to C$39.00 in a research note on Wednesday, April 22nd. Barclays set a C$41.00 price target on shares of Hudbay Minerals and gave the company an “overweight” rating in a report on Friday, May 22nd. Desjardins set a C$40.00 price objective on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$28.00 to C$40.00 in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and an average price target of C$39.75.

Hudbay Minerals Price Performance

TSE HBM opened at C$33.65 on Tuesday. The business’s fifty day moving average is C$35.91 and its 200 day moving average is C$32.79. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36. Hudbay Minerals has a fifty-two week low of C$12.35 and a fifty-two week high of C$44.48. The company has a market capitalization of C$15.07 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 3.97 and a beta of 2.24.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Friday, May 1st. The mining company reported C$0.56 EPS for the quarter. Hudbay Minerals had a return on equity of 20.70% and a net margin of 27.86%.The firm had revenue of C$1.05 billion during the quarter.

Hudbay Minerals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were paid a $0.01 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 annualized dividend and a yield of 0.1%. Hudbay Minerals’s payout ratio is presently 0.87%.

More Hudbay Minerals News

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

• Positive Sentiment: Scotiabank boosted its FY2027 EPS estimate for Hudbay Minerals to $2.65 from $2.34 and lifted its FY2030 estimate to $3.47 from $1.41, reinforcing a bullish view on the company’s longer-term profit potential. Q3 EPS Estimates for Hudbay Minerals Increased by Scotiabank
• Neutral Sentiment: National Bank Financial reiterated or published multiple quarterly and annual EPS estimates for Hudbay Minerals, including $2.23 for FY2026 and FY2027 and a range of near-term quarterly estimates around $0.54-$0.57. These updates mostly add visibility rather than changing the story materially.
• Neutral Sentiment: The new estimates suggest analysts expect steady earnings through 2026-2027, with some moderation in FY2028 before reacceleration later, which may support valuation expectations but does not appear to be a major near-term catalyst on its own.

Hudbay Minerals Company Profile

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.