Hudbay Minerals Inc (NYSE:HBM) reported weaker-than-expected results for the fourth quarter, while announcing mixed 2026 guidance, according to Scotiabank.
The Hudbay Minerals Analyst: Analyst Orest Wowkodaw maintained a Sector Outperform, while cutting the price target from C$37.00 ($27.04) to C$35.30 ($24.48).
The Hudbay Minerals Thesis: The company reported adjusted earnings of 22 cents per share and adjusted EBITDA (ex-deferred revenue) of $386 million, below consensus estimates of 38 cents per share and $419 million, respectively, Wowkodaw said in the note.
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Hudbay Minerals revised its 2026 copper guidance lower by …