Scotiabank Reduces Earnings Estimates for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for Hudbay Minerals in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings of $0.91 per share for the year, down from their previous forecast of $1.08. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. Scotiabank also issued estimates for Hudbay Minerals’ FY2027 earnings at $1.41 EPS.

Several other brokerages also recently weighed in on HBM. Desjardins raised their target price on shares of Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a research note on Monday, December 15th. BMO Capital Markets raised their price objective on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Jefferies Financial Group boosted their target price on Hudbay Minerals from C$31.00 to C$37.00 in a research note on Monday, January 19th. Stifel Nicolaus upped their target price on Hudbay Minerals from C$20.00 to C$28.00 in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada raised their price target on Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$27.90.

Hudbay Minerals Trading Up 2.9%

TSE HBM opened at C$34.24 on Monday. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$35.10. The company has a 50 day moving average price of C$26.79 and a 200 day moving average price of C$21.28. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a market cap of C$13.56 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 EPS for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The business had revenue of C$0.35 million during the quarter.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.