Analysts Issue Forecasts for HudBay Minerals Q2 Earnings

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Analysts at National Bank Financial issued their Q2 2028 EPS estimates for HudBay Minerals in a report issued on Wednesday, June 24th. National Bank Financial analyst S. Nagle forecasts that the mining company will post earnings per share of $0.31 for the quarter. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.65 per share.

HBM has been the topic of a number of other research reports. Weiss Ratings raised HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Barclays began coverage on shares of HudBay Minerals in a report on Thursday, May 21st. They issued an “overweight” rating and a $30.00 price target on the stock. Wall Street Zen upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $27.33.

HudBay Minerals Trading Down 4.4%

Shares of NYSE:HBM opened at $22.56 on Thursday. The company has a market capitalization of $10.02 billion, a PE ratio of 13.59, a P/E/G ratio of 0.27 and a beta of 1.48. The company has a current ratio of 1.36, a quick ratio of 1.20 and a debt-to-equity ratio of 0.14. HudBay Minerals has a 12-month low of $8.93 and a 12-month high of $32.15. The business’s fifty day simple moving average is $25.76 and its 200-day simple moving average is $23.84.

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

HudBay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, June 9th were issued 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 0.2%. HudBay Minerals’s dividend payout ratio is 1.81%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of HudBay Minerals by 107.9% during the 3rd quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock worth $30,000 after acquiring an additional 1,033 shares in the last quarter. Quarry LP acquired a new position in HudBay Minerals in the 3rd quarter worth about $38,000. IFP Advisors Inc purchased a new position in HudBay Minerals during the third quarter worth approximately $45,000. Banque Cantonale Vaudoise boosted its position in HudBay Minerals by 513.5% during the third quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock worth $48,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in HudBay Minerals by 131.6% in the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after purchasing an additional 3,733 shares during the period. Hedge funds and other institutional investors own 57.82% of the company’s stock.

HudBay Minerals News Summary

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

• Positive Sentiment: Copper is getting more investor attention as the metal’s rally strengthens relative to gold, and HudBay Minerals is viewed as a producer positioned to benefit from higher copper demand. Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
• Positive Sentiment: Scotiabank raised its FY2030 earnings estimate for HudBay Minerals to $2.44 from $1.03 and kept an Outperform rating, which can support optimism around long-term earnings potential. HudBay Minerals stock report
• Neutral Sentiment: National Bank Financial published a broad set of earnings estimates for HudBay, including near-term quarterly forecasts around $0.38 to $0.40 per share and FY2026/FY2027 estimates of $1.57 per share, roughly in line with the current consensus for the year. HudBay Minerals analyst estimates
• Neutral Sentiment: A separate market commentary noted that U.S. equities had a strong second quarter but are looking increasingly expensive on valuation, which is more of a broad-market caution than a company-specific driver for HBM. Stocks Surged in Q2 2026, but Is the Market Getting Too Expensive?
• Negative Sentiment: National Bank Financial’s near- and medium-term earnings forecasts are below the current consensus full-year EPS estimate of $1.65, which may temper enthusiasm if investors focus on the possibility of softer profit growth. HudBay Minerals earnings estimates

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.