Cormark Weighs in on Hudbay Minerals’ Q2 Earnings (TSE:HBM)

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Equities research analysts at Cormark cut their Q2 2026 earnings per share (EPS) estimates for Hudbay Minerals in a research report issued to clients and investors on Friday, February 21st. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.13 for the quarter, down from their previous estimate of $0.17. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share.

A number of other research analysts have also issued reports on the stock. National Bankshares cut their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada cut their target price on Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. TD Securities lowered their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Scotiabank cut their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$15.12.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock opened at C$10.17 on Monday. The company has a 50 day moving average price of C$12.14 and a 200 day moving average price of C$11.88. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 28.64, a PEG ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals has a 52 week low of C$7.37 and a 52 week high of C$14.33.

Insiders Place Their Bets

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski acquired 9,300 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of C$10.76 per share, for a total transaction of C$100,068.00. Also, Senior Officer Robert Alan Carter sold 8,014 shares of the stock in a transaction that occurred 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. Insiders own 0.07% of the company’s stock.

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.