Q3 2017 EPS Estimates for Hudbay Minerals Inc Boosted by Analyst (HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Stock analysts at Cormark raised their Q3 2017 earnings per share estimates for Hudbay Minerals in a report released on Tuesday. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.14 for the quarter, up from their previous forecast of ($0.04). Cormark also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.22 EPS and FY2019 earnings at $1.12 EPS.

HBM has been the topic of a number of other reports. CSFB initiated coverage on Hudbay Minerals in a research note on Thursday, April 13th. They issued a “neutral” rating on the stock. Scotiabank restated a “focus stock” rating and issued a C$11.00 target price on shares of Hudbay Minerals in a research note on Friday, August 4th. Royal Bank Of Canada decreased their target price on Hudbay Minerals from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. TD Securities restated a “buy” rating and issued a C$13.50 target price on shares of Hudbay Minerals in a research note on Thursday, May 4th. Finally, Barclays PLC decreased their target price on Hudbay Minerals from C$11.00 to C$10.00 in a research note on Friday, May 19th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$10.72.

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Hudbay Minerals (HBM) opened at 9.45 on Thursday. Hudbay Minerals has a 52-week low of $4.74 and a 52-week high of $11.95. The firm has a 50-day moving average price of $8.35 and a 200-day moving average price of $8.72. The company’s market cap is $2.24 billion.

In other news, insider Gmt Capital Corp acquired 14,500 shares of Hudbay Minerals stock in a transaction dated Tuesday, May 23rd. The shares were purchased at an average cost of C$5.50 per share, for a total transaction of C$79,750.00. Insiders have bought a total of 73,200 shares of company stock worth $407,374 over the last quarter.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 7th.

About Hudbay Minerals

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.

Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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