HudBay Minerals Inc (NYSE:HBM) Receives Consensus Recommendation of “Buy” from Analysts

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) has earned a consensus recommendation of “Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $27.3333.

A number of research firms recently weighed in on HBM. Barclays began coverage on HudBay Minerals in a report on Thursday, May 21st. They set an “overweight” rating and a $30.00 target price on the stock. Wall Street Zen raised HudBay Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, April 21st. Weiss Ratings lowered HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a report on Thursday.

HudBay Minerals Stock Down 0.9%

HBM stock opened at $23.33 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $9.27 billion, a PE ratio of 14.05, a PEG ratio of 0.27 and a beta of 1.43. HudBay Minerals has a 1-year low of $8.93 and a 1-year high of $32.15. The business’s 50 day simple moving average is $25.89 and its 200 day simple moving average is $23.69.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The business 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 firm’s revenue was up 27.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. As a group, research analysts anticipate that HudBay Minerals will post 1.65 EPS for the current year.

HudBay Minerals Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors 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 yield of 0.2%. HudBay Minerals’s payout ratio is 1.81%.

Institutional Trading of HudBay Minerals

Several institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in HudBay Minerals by 53.1% in the 1st quarter. Empowered Funds LLC now owns 36,598 shares of the mining company’s stock valued at $765,000 after purchasing an additional 12,695 shares during the period. NewEdge Advisors LLC boosted its stake in HudBay Minerals by 5,677.7% in the 1st quarter. NewEdge Advisors LLC now owns 27,502 shares of the mining company’s stock valued at $575,000 after purchasing an additional 27,026 shares during the period. Bank of America Corp DE boosted its stake in HudBay Minerals by 53.3% in the 1st quarter. Bank of America Corp DE now owns 1,883,698 shares of the mining company’s stock valued at $39,369,000 after purchasing an additional 655,308 shares during the period. Janus Henderson Group PLC bought a new stake in HudBay Minerals in the 1st quarter valued at $25,995,000. Finally, Amundi boosted its stake in HudBay Minerals by 169.6% in the 1st quarter. Amundi now owns 1,078,471 shares of the mining company’s stock valued at $22,540,000 after purchasing an additional 678,468 shares during the period. 57.82% of the stock is currently owned by institutional investors.

Key HudBay Minerals News

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

• Positive Sentiment: Scotiabank raised multiple future EPS estimates for HudBay Minerals, including FY2027 and FY2029, signaling stronger long-term earnings expectations.
• Positive Sentiment: The firm maintained its Outperform rating, which may reinforce investor confidence in the stock’s outlook.
• Neutral Sentiment: Scotiabank trimmed its FY2026 EPS estimate slightly to $1.62 from $1.63 and lowered FY2028 EPS to $1.63 from $1.68, offsetting some of the optimism in later years.

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.