Q3 EPS Estimates for Hudbay Minerals Increased by Scotiabank

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Scotiabank lifted their Q3 2026 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Wednesday, June 24th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will earn $0.60 per share for the quarter, up from their previous forecast of $0.59. Scotiabank currently has a “Sector Outperform” rating and a $44.00 price target on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals’ Q4 2026 earnings at $0.59 EPS, FY2026 earnings at $2.31 EPS, Q1 2027 earnings at $0.67 EPS, Q2 2027 earnings at $0.67 EPS, Q3 2027 earnings at $0.67 EPS, Q4 2027 earnings at $0.66 EPS, FY2028 earnings at $2.31 EPS and FY2029 earnings at $4.21 EPS.

A number of other brokerages have also issued reports on HBM. Barclays set a C$41.00 price target on Hudbay Minerals and gave the stock an “overweight” rating in a research note on Friday, May 22nd. Royal Bank Of Canada increased their price objective on Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. BMO Capital Markets raised their price objective on Hudbay Minerals from C$33.00 to C$39.00 in a report on Wednesday, April 22nd. Desjardins set a C$40.00 target price on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$41.00 to C$40.00 in a report on Monday, May 4th. Three investment 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$39.75.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$33.04 on Monday. The business has a 50 day simple moving average of C$35.92 and a two-hundred day simple moving average of C$32.73. Hudbay Minerals has a 12 month low of C$12.35 and a 12 month high of C$44.48. The stock has a market capitalization of C$14.79 billion, a P/E ratio of 19.78, a PEG ratio of 3.97 and a beta of 2.24. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.36 and a quick ratio of 0.85.

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

Hudbay Minerals Announces Dividend

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

More Hudbay Minerals News

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

• Positive Sentiment: Scotiabank raised multiple earnings estimates for Hudbay Minerals, including FY2026, several 2027 quarters, FY2028, and FY2029, while keeping a Sector Outperform rating and a $44.00 price target. Higher forward earnings estimates suggest improving profitability expectations. Hudbay Minerals analyst update
• Positive Sentiment: Hudbay announced the pricing of $52 million in 4.50% municipal bonds to support its Copper World project in Arizona, indicating continued funding progress for a key growth asset. Copper World bond financing article
• Neutral Sentiment: Scotiabank’s revisions were incremental rather than dramatic, with most changes reflecting modest upward adjustments to already positive long-term forecasts. Scotiabank estimate revisions

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.