ATB Cormark Capital Markets Cuts Hudbay Minerals (TSE:HBM) Price Target to C$35.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price decreased by ATB Cormark Capital Markets from C$35.50 to C$35.00 in a report released on Thursday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the mining company’s stock.

A number of other research firms also recently issued reports on HBM. Barclays raised their target price on Hudbay Minerals from C$41.00 to C$45.00 in a research report on Thursday, July 16th. Jefferies Financial Group cut their price target on Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. Canaccord Genuity Group cut their price target on Hudbay Minerals from C$40.00 to C$39.50 and set a “buy” rating for the company in a research note on Thursday. Canadian Imperial Bank of Commerce lifted their price objective on Hudbay Minerals from C$42.00 to C$46.00 in a report on Tuesday, April 21st. Finally, BMO Capital Markets lowered their price objective on Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average target price of C$40.91.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$31.81 on Thursday. The company has a debt-to-equity ratio of 19.04, a quick ratio of 0.85 and a current ratio of 2.24. The stock has a 50 day moving average price of C$34.72 and a two-hundred day moving average price of C$33.43. The firm has a market capitalization of C$14.12 billion, a P/E ratio of 19.05, a P/E/G ratio of 3.97 and a beta of 2.36. Hudbay Minerals has a 52 week low of C$12.44 and a 52 week high of C$44.48.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. Hudbay Minerals had a return on equity of 18.41% and a net margin of 27.22%.The business had revenue of C$896.94 million during the quarter. Equities analysts forecast that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 26th were given a $0.01 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 annualized dividend and a yield of 0.1%. Hudbay Minerals’s payout ratio is 0.87%.

Key Stories Impacting Hudbay Minerals

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

• Positive Sentiment: Analysts remain constructive on Hudbay, with Scotiabank maintaining a “sector outperform” rating, BMO Capital Markets reiterating “outperform,” Canaccord Genuity retaining a “buy” rating, and ATB Cormark keeping an “outperform” rating. Their revised targets of C$35.00 to C$44.00 still imply approximately 10% to 38% potential upside from recent trading levels. Analysts Offer Insights on Materials Companies
• Neutral Sentiment: Hudbay corrected a typographical error in its previous announcement regarding the record date and payment date for its quarterly cash dividend scheduled for September 2026. The correction clarifies the dividend timetable but does not change the underlying dividend or indicate a change in the company’s capital-return policy. Hudbay Announces Correction to its Upcoming Dividend Record and Payment Dates
• Negative Sentiment: Four analysts lowered their Hudbay price targets: Scotiabank cut its target from C$44.00 to C$43.00, BMO from C$46.00 to C$44.00, Canaccord from C$40.00 to C$39.50, and ATB Cormark from C$35.50 to C$35.00. Although all retained positive ratings, the reductions suggest more cautious assumptions about valuation, metals prices, or near-term execution. Hudbay Minerals Analyst Ratings

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.