Hudbay Minerals tops Q2 revenue and EPS estimates, announces $600 mln JV with Mitsubishi Corp
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Hudbay Minerals reported Q2 revenue of $536.4 million, surpassing analyst expectations, with an adjusted EPS of $0.19. The company announced a $600 million joint venture with Mitsubishi Corp, enhancing its financial position. Hudbay reaffirmed its 2025 copper production guidance and improved cash cost guidance. The average analyst rating is "buy," with a median 12-month price target of C$17.00, reflecting a potential upside from its recent trading price of C$13.57.
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