National Bank Financial Weighs in on Hudbay Minerals Q2 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at National Bank Financial issued their Q2 2028 earnings estimates for Hudbay Minerals in a research report issued on Wednesday, June 24th. National Bank Financial analyst S. Nagle forecasts that the mining company will post earnings of $0.44 per share for the quarter. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other research analysts have also recently issued reports on HBM. Desjardins set a C$40.00 price objective on Hudbay Minerals and gave the stock a “buy” rating in a research note on Thursday, March 5th. Canaccord Genuity Group dropped their target price on Hudbay Minerals from C$41.00 to C$40.00 in a research report on Monday, May 4th. BMO Capital Markets raised their price target on shares of Hudbay Minerals from C$33.00 to C$39.00 in a research report on Wednesday, April 22nd. Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$28.00 to C$40.00 in a research report on Thursday, March 12th. Finally, Scotiabank lifted their price objective on shares of Hudbay Minerals from C$35.50 to C$44.00 and gave the company a “sector outperform” rating in a research note on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$39.75.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$33.49 on Thursday. The business’s 50-day simple moving average is C$35.84 and its two-hundred day simple moving average is C$32.91. The company has a debt-to-equity ratio of 30.14, a quick ratio of 0.85 and a current ratio of 1.36. The company has a market cap of C$15.00 billion, a PE ratio of 20.05, a PEG ratio of 3.97 and a beta of 2.24. Hudbay Minerals has a fifty-two week low of C$12.35 and a fifty-two week high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results 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 during the quarter.

Hudbay Minerals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders 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 dividend yield of 0.1%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 0.87%.

Key Headlines Impacting Hudbay Minerals

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

• Positive Sentiment: Hudbay could benefit from renewed investor attention on copper names as gold’s rally cools, which may lift sentiment toward diversified miners with copper exposure. Copper stocks are getting a bigger spotlight as gold’s rally cracks
• Positive Sentiment: Scotiabank raised its FY2027 EPS estimate for Hudbay to $2.65 from $2.34 and reaffirmed a Sector Outperform rating with a C$44 price target, signaling confidence in the company’s longer-term earnings power.
• Positive Sentiment: National Bank Financial also issued relatively strong forward earnings estimates for Hudbay, including FY2026 EPS of $2.23 and FY2027 EPS of $2.23, well above the current consensus full-year estimate of $1.12.
• Neutral Sentiment: Analyst forecasts for several quarterly periods in 2026 and 2027 were reiterated across reports, keeping attention on Hudbay’s expected production and earnings trajectory rather than near-term surprises.
• Negative Sentiment: National Bank Financial’s longer-dated estimates are more cautious for later years, including FY2028 EPS of $1.79, FY2029 EPS of $1.86, and FY2030 EPS of $1.31, suggesting earnings growth may not be linear over time.

About Hudbay Minerals

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.