Scotiabank cuts Hudbay Minerals stock estimate to USD 1.47
Published on 10/15/2026 at 20:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst estimates and valuation
- Scotiabank forecast fiscal-year 2026 earnings of USD 1.47 per share on October 13, 2026, down from USD 1.55.
- Hudbay earned USD 0.28 per share versus USD 0.26 consensus in the second quarter reported July 29, 2026.
- Hudbay Minerals stock costs EUR 21.31 at Lang & Schwarz on October 15, 2026 at 8:05 p.m. CEST, down 1.63 percent on the NYSE.
- Hudbay has a USD 10.6 billion market capitalization and a 14.11 price-to-earnings ratio as of October 15, 2026.
On October 13, 2026, Scotiabank cut its fiscal-year 2026 earnings estimate for Hudbay Minerals to USD 1.47 per share from USD 1.55, while retaining an Outperform rating, MarketBeat reported. At Lang & Schwarz on October 15, 2026 at 8:05 p.m. CEST, Hudbay Minerals stock was EUR 21.31; on the NYSE, the stock was down 1.63 percent at USD 23.84.
Quarterly earnings beat estimates
Hudbay earned USD 0.28 per share in the second quarter ended June 30, 2026, versus the USD 0.26 consensus estimate. Revenue reached USD 631.30 million against USD 632.43 million expected, while revenue increased 17.70 percent from the year-earlier quarter, according to MarketBeat.
The latest estimate also puts the mining group below Scotiabank's earlier USD 1.55 forecast, while the broader full-year consensus stood at USD 1.45 per share on October 13, 2026. The estimate change gives investors a clear earnings variable to track alongside copper prices and mine execution.
Price position and trading activity
Hudbay's NYSE price of USD 23.84 stood 25.85 percent below its USD 32.15 52-week high and 66.11 percent above its USD 14.34 low on October 15, 2026. Trading volume was 2,206,468 shares at 2:09 p.m. EDT, versus an average volume of 4,498,085 shares.
On September 28, 2026, Hudbay had released an updated Snow Lake mine plan extending the reserve mine life to 2043, with the release carried by Finanznachrichten.
Valuation and analyst view
Hudbay's market capitalization was USD 10.6 billion on October 15, 2026, with a price-to-earnings ratio of 14.11. Scotiabank's USD 1.47 fiscal-year estimate sits above the current full-year consensus of USD 1.45, while the firm's prior estimate was USD 1.55, according to MarketBeat.
Comparison with peers
HBM: minus 1.63 percent, P/E 14.11, market capitalization USD 10.6 billion
Freeport-McMoRan (NYSE, USD): minus 0.19 percent, P/E 34.02, market capitalization USD 99.7 billion
Southern Copper (NYSE, USD): plus 0.23 percent, P/E 29.48, market capitalization USD 169.8 billion
Investor perspective
The immediate picture combines a lower fiscal-year earnings estimate with second-quarter earnings that exceeded consensus by USD 0.02 per share. The stock's USD 32.15 annual high remains 25.85 percent above the NYSE price, leaving operating delivery and copper exposure central to the valuation discussion.
The further course of trading is shown by the continuously updated real-time quote of Hudbay Minerals stock.
Hudbay Minerals market data
- Company: Hudbay Minerals Inc.
- ISIN: CA4436281022
- Ticker: HBM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 8:05 p.m. CEST): EUR 21.31
- Home-exchange change: minus 1.63 percent on October 15, 2026
- Market capitalization: USD 10.6 billion (as of October 15, 2026)
- 52-week range: USD 14.34-32.15 (as of October 15, 2026)
- Sector / Industry: Basic Materials / Copper
Market context: Market report S&P/TSX Composite.
