Jefferies keeps CAD 52.00 target for Hudbay Minerals stock

Published on 10/17/2026 at 19:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank cut its estimate to USD 2.10 on October 13, 2026. Hudbay Minerals stock costs USD 23.62 on October 16, 2026, down 2.48 percent on NYSE.

Analyst targets and earnings estimates

Jefferies analyst Fahad Tariq maintained a CAD 52.00 target on October 12, 2026.
Scotiabank cut its fiscal 2026 earnings estimate to USD 2.10 on October 13, 2026.
Hudbay Minerals stock was last at USD 23.62 on the NYSE on October 16, 2026, down 2.48 percent versus USD 24.22.
Hudbay Minerals had a USD 10.5 billion market capitalization on October 16, 2026.

HBM, CA4436281022, Illustration mit AI erstellt.

Jefferies analyst Fahad Tariq maintained a Buy rating and a CAD 52.00 price target for Hudbay Minerals on October 12, 2026, according to Markets Insider. Hudbay Minerals stock was last at USD 23.62 on the NYSE on October 16, 2026 at 4:00 p.m. ET, down 2.48 percent versus the USD 24.22 prior close.

Earnings estimates move lower

Scotiabank cut its fiscal 2026 earnings per share estimate to USD 2.10 from USD 2.20 in a report dated October 13, 2026, while maintaining a Sector Outperform rating and a USD 43.00 target, MarketBeat reported. The estimate change gives the analyst view a more cautious earnings angle even as the rating remains positive.

Stock sits below yearly high

At USD 23.62 on October 16, 2026, Hudbay Minerals stood 26.53 percent below its 52-week high of USD 32.15 and 64.71 percent above its 52-week low of USD 14.34. Trading volume was 4,179,766 shares, against an average volume of 4,523,873 shares for the same market snapshot.

Valuation and mining exposure

Hudbay Minerals had a market capitalization of USD 10.5 billion and a trailing price-to-earnings ratio of 13.98 on October 16, 2026. Its business remains centered on copper, with gold, zinc, silver and molybdenum as additional metals. The company lists operations and projects in Canada, Peru and the United States on its investor-relations page, Hudbay Minerals.

Comparison with peers

HBM: minus 2.48 percent, P/E 13.98, market capitalization USD 10.5 billion
Freeport-McMoRan (NYSE, USD): minus 0.74 percent, P/E 34.09, market capitalization USD 100.0 billion
Southern Copper (NYSE, USD): minus 0.59 percent, P/E 29.36, market capitalization USD 169.3 billion

Market position after October 16

The stock's next move will be measured against the analyst target and the revised earnings estimate rather than against a new company announcement. Hudbay's lower fiscal 2026 estimate and its 26.53 percent distance from the yearly high provide the key figures for assessing the current trading position.

Hudbay Minerals is a Canadian copper producer with operations in Canada, Peru and the United States, and its shares are listed on the NYSE and TSX.