Canada's Hudbay Minerals Q4 revenue beats expectations, helped by Peru operations
Overview
Canada mining firm's Q4 revenue beat analyst expectations
Adjusted EPS for Q4 missed analyst expectations
Company announced first-ever dividend increase
Outlook
Hudbay expects 2026 consolidated copper production to increase by 5% to 124,000 tonnes
Company anticipates 2026 consolidated gold production of 244,500 ounces, lower due to Pampacancha depletion
Hudbay plans $435 mln in sustaining capital expenditures and $140 mln in growth projects for 2026
Result Drivers
HIGH-GRADE ORE - Peru operations benefited from high-grade Pampacancha ore, boosting copper and gold production
RECORD THROUGHPUT - Manitoba operations achieved record monthly throughput at New Britannia mill, offsetting power outage impacts
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $732.90 mln | $725.59 mln (8 Analysts) |
Q4 Adjusted EPS | Miss | $0.22 | $0.40 (16 Analysts) |
Q4 EPS |
| $0.32 |
|
Q4 Net Earnings attributable |
| $128 mln |
|
Q4 Adjusted EBITDA |
| $385.90 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Hudbay Minerals Inc is C$38.13, about 12.6% above its February 19 closing price of C$33.86
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNXjz5Qh
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