Canada's Hudbay Minerals Q4 revenue beats expectations, helped by Peru operations

Hudbay Minerals

20/02/2026 11:09

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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)