Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at Cormark increased their FY2017 earnings estimates for Hudbay Minerals in a research note issued to investors on Wednesday. Cormark analyst S. Ioannou now expects that the mining company will earn $0.58 per share for the year, up from their previous estimate of $0.49. Cormark also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.24 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.33 EPS.
HBM has been the topic of a number of other reports. CIBC reaffirmed an “outperform” rating and set a C$13.00 price objective on shares of Hudbay Minerals in a research report on Tuesday, October 10th. National Bank Financial downgraded Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. Scotiabank reissued a “focus stock” rating and set a C$12.50 target price on shares of Hudbay Minerals in a research note on Thursday, November 2nd. BMO Capital Markets lifted their target price on Hudbay Minerals from C$10.50 to C$10.75 and gave the company a “market perform” rating in a research note on Monday, October 2nd. Finally, TD Securities decreased their target price on Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$12.09.
In other news, insider Gmt Capital Corp acquired 6,700 shares of Hudbay Minerals stock in a transaction on Monday, November 20th. The shares were acquired at an average price of C$7.68 per share, with a total value of C$51,456.00.
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Hudbay Minerals Company Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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