HudBay Minerals Inc (NYSE:HBM) Receives Average Recommendation of “Buy” from Brokerages

Posted by Brian Himes on Jul 3rd, 2026

Shares of HudBay Minerals Inc (NYSE:HBM – Get Free Report) (TSE:HBM) have received a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $27.3333.

Several equities research analysts have recently commented on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Weiss Ratings raised HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Wall Street Zen upgraded HudBay Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, June 25th. Finally, Barclays assumed coverage on HudBay Minerals in a research report on Thursday, May 21st. They set an “overweight” rating and a $30.00 price objective on the stock.

View Our Latest Research Report on HudBay Minerals

Institutional Trading of HudBay Minerals

Several hedge funds have recently bought and sold shares of HBM. Allworth Financial LP boosted its stake in HudBay Minerals by 107.9% during the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after buying an additional 1,033 shares during the last quarter. Quarry LP purchased a new position in shares of HudBay Minerals in the third quarter valued at $38,000. IFP Advisors Inc bought a new stake in HudBay Minerals in the third quarter worth $45,000. Banque Cantonale Vaudoise increased its position in 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

HudBay Minerals Stock Down 0.1%

Shares of HudBay Minerals stock opened at $22.57 on Friday. HudBay Minerals has a twelve month low of $8.93 and a twelve month high of $32.15. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $25.73 and its 200 day moving average is $23.87. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.26 and a beta of 1.48.

HudBay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last released its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 EPS 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 business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. Research analysts anticipate that HudBay Minerals will post 1.65 EPS for the current year.

HudBay Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Tuesday, June 9th were issued 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 0.2%. HudBay Minerals’s payout ratio is currently 1.81%.

About HudBay Minerals

(Get Free Report)

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.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.