National Bank Financial Predicts Hudbay Minerals Q2 Earnings

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Analysts at National Bank Financial issued their Q2 2026 earnings per share estimates for shares of Hudbay Minerals in a research note issued on Wednesday, June 24th. National Bank Financial analyst S. Nagle anticipates that the mining company will earn $0.54 per share for the quarter. The consensus estimate for Hudbay Minerals’ current full-year earnings is $1.12 per share. National Bank Financial also issued estimates for Hudbay Minerals’ Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.57 EPS, FY2026 earnings at $2.23 EPS, Q1 2027 earnings at $0.55 EPS, Q2 2027 earnings at $0.55 EPS, Q3 2027 earnings at $0.57 EPS, Q4 2027 earnings at $0.55 EPS, FY2027 earnings at $2.23 EPS, Q1 2028 earnings at $0.41 EPS, FY2028 earnings at $1.79 EPS, FY2029 earnings at $1.86 EPS and FY2030 earnings at $1.31 EPS.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data 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 business had revenue of C$1.05 billion during the quarter.

A number of other equities analysts also recently weighed in on the stock. Royal Bank Of Canada raised their target price on shares of Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. Canaccord Genuity Group cut their price target on Hudbay Minerals from C$41.00 to C$40.00 in a research note on Monday, May 4th. Desjardins set a C$40.00 price objective on Hudbay Minerals and gave the company a “buy” rating in a research report on Thursday, March 5th. Canadian Imperial Bank of Commerce lifted their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a research note on Tuesday, April 21st. Finally, Scotiabank boosted their target price on Hudbay Minerals from C$35.50 to C$44.00 and gave the stock a “sector outperform” rating in a report 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 issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$39.75.

Hudbay Minerals Stock Up 1.8%

Shares of Hudbay Minerals stock opened at C$33.65 on Tuesday. Hudbay Minerals has a 1 year low of C$12.35 and a 1 year high of C$44.48. The firm has a market cap of C$15.07 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.97 and a beta of 2.24. The company has a 50-day moving average of C$35.91 and a 200 day moving average of C$32.79. The company has a debt-to-equity ratio of 30.14, a current ratio of 1.36 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were given a $0.01 dividend. 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 0.1%. Hudbay Minerals’s payout ratio is 0.87%.

Key Headlines Impacting Hudbay Minerals

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

• Positive Sentiment: Scotiabank boosted its FY2027 EPS estimate for Hudbay Minerals to $2.65 from $2.34 and lifted its FY2030 estimate to $3.47 from $1.41, reinforcing a bullish view on the company’s longer-term profit potential. Q3 EPS Estimates for Hudbay Minerals Increased by Scotiabank
• Neutral Sentiment: National Bank Financial reiterated or published multiple quarterly and annual EPS estimates for Hudbay Minerals, including $2.23 for FY2026 and FY2027 and a range of near-term quarterly estimates around $0.54-$0.57. These updates mostly add visibility rather than changing the story materially.
• Neutral Sentiment: The new estimates suggest analysts expect steady earnings through 2026-2027, with some moderation in FY2028 before reacceleration later, which may support valuation expectations but does not appear to be a major near-term catalyst on its own.

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.