Scotiabank Forecasts Increased Earnings for Hudbay Minerals

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Research analysts at Scotiabank raised their FY2026 earnings per share estimates for Hudbay Minerals in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the mining company will post earnings of $0.77 per share for the year, up from their prior forecast of $0.48. Scotiabank has a “Outperform” rating and a $15.00 price objective on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

Several other research firms also recently issued reports on HBM. Jefferies Financial Group boosted their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. National Bankshares raised their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$15.54.

Hudbay Minerals Stock Up 2.1 %

Shares of TSE HBM opened at C$12.96 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The business’s 50 day moving average is C$12.38 and its two-hundred day moving average is C$11.83. Hudbay Minerals has a 52-week low of C$6.72 and a 52-week high of C$14.33. The firm has a market cap of C$5.10 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 3.97 and a beta of 1.83.

Insiders Place Their Bets

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is currently owned by insiders.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.