Stock Track | HudBay Minerals Plunges 7.24% in Pre-market on Earnings Miss and Weak Copper Guidance

Stock Track
Feb 20

HudBay Minerals' stock plummeted 7.24% in pre-market trading on Friday, following the release of its fourth-quarter financial results and 2026 production guidance.

The mining company reported lower-than-expected Q4 adjusted earnings per share and revenue, contributing to negative investor sentiment. Additionally, analysts noted that Hudbay's 2026 copper production guidance midpoint of 124,000 tons is approximately 8% below consensus expectations, representing a meaningful reset driven by reduced expectations at its Copper Mountain and Constancia operations.

While the company's gold production guidance showed improvement with a midpoint of 244,000 ounces compared to previous guidance of 233,500 ounces, the weaker copper outlook appears to have outweighed this positive development in the market's assessment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10