FY2030 EPS Estimates for HudBay Minerals Boosted by Analyst

30 Jun 2026, 12:42 by Danessa Lincoln · The Markets Daily

HudBay Minerals Inc (NYSE:HBM – Free Report) (TSE:HBM) – Equities research analysts at Scotiabank lifted their FY2030 earnings per share (EPS) estimates for HudBay Minerals in a note issued to investors on Wednesday, June 24th. Scotiabank analyst O. Wowkodaw now forecasts that the mining company will post earnings per share of $2.44 for the year, up from their previous forecast of $1.03. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for HudBay Minerals’ current full-year earnings is $1.65 per share.

Several other equities research analysts have also weighed in on HBM. Wall Street Zen upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Barclays initiated coverage on HudBay Minerals in a research report on Thursday, May 21st. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, HudBay Minerals has an average rating of “Buy” and a consensus target price of $27.33.

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HudBay Minerals Trading Up 1.6%

HudBay Minerals stock opened at $23.68 on Tuesday. HudBay Minerals has a 1 year low of $8.93 and a 1 year high of $32.15. The firm’s 50-day moving average is $25.86 and its 200-day moving average is $23.77. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.36. The company has a market cap of $9.41 billion, a P/E ratio of 14.26, a PEG ratio of 0.27 and a beta of 1.43.

HudBay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last released its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $757.30 million during the quarter, compared to analyst estimates of $684.73 million. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The firm’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 earned $0.24 earnings per share.

Hedge Funds Weigh In On HudBay Minerals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its position in HudBay Minerals by 107.9% in the 3rd quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after acquiring an additional 1,033 shares during the period. Quarry LP acquired a new position in HudBay Minerals during the 3rd quarter worth $38,000. IFP Advisors Inc bought a new position in shares of HudBay Minerals in the third quarter worth $45,000. Banque Cantonale Vaudoise grew its stake in shares of HudBay Minerals by 513.5% in 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 increased its holdings in shares of HudBay Minerals by 131.6% during 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. 57.82% of the stock is currently owned by institutional investors and hedge funds.

HudBay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, June 9th were paid a $0.01 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. HudBay Minerals’s dividend payout ratio (DPR) is presently 1.81%.

HudBay Minerals News Roundup

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

Positive Sentiment: HudBay Minerals has been outperforming the broader market, which may be supporting investor sentiment in the shares. HudBay Minerals (HBM) Outperforms Broader Market: What You Need to Know
Positive Sentiment: Scotiabank raised its FY2030 EPS estimate for HudBay Minerals to $2.44 from $1.03 and kept an Outperform rating, signaling stronger long-term earnings potential.
Neutral Sentiment: National Bank Financial published multiple earnings estimates for HudBay Minerals across 2026-2030, broadly projecting steady quarterly earnings and moderate long-term profitability.
Negative Sentiment: National Bank Financial’s FY2026 EPS estimate of $1.57 and FY2029 estimate of $1.31 are below the current consensus of $1.65, which could be viewed as a slight valuation headwind.
Negative Sentiment: Scotiabank also flagged a more cautious view on near-term Q2 earnings, suggesting some uncertainty around immediate results. Scotiabank Has Negative View of HudBay Minerals Q2 Earnings

About HudBay Minerals

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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.