Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities research analysts at National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings of $0.60 per share for the year, up from their previous forecast of $0.58. National Bank Financial has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.27 EPS and FY2018 earnings at $0.88 EPS.
Several other research firms have also recently weighed in on HBM. Canaccord Genuity cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Zacks Investment Research cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. ValuEngine cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets lifted their target price on shares of Hudbay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.25.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, November 1st. The mining company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Hudbay Minerals had a net margin of 1.34% and a return on equity of 5.04%.
Large investors have recently modified their holdings of the stock. Quantbot Technologies LP raised its position in Hudbay Minerals by 37.3% in the 2nd quarter. Quantbot Technologies LP now owns 24,912 shares of the mining company’s stock worth $143,000 after purchasing an additional 6,769 shares during the period. Addenda Capital Inc. purchased a new position in Hudbay Minerals in the 4th quarter worth $172,000. Guardian Capital Advisors LP raised its position in Hudbay Minerals by 73.6% in the 2nd quarter. Guardian Capital Advisors LP now owns 40,583 shares of the mining company’s stock worth $336,000 after purchasing an additional 17,200 shares during the period. Cubist Systematic Strategies LLC raised its position in Hudbay Minerals by 158.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 46,906 shares of the mining company’s stock worth $348,000 after purchasing an additional 28,726 shares during the period. Finally, QS Investors LLC raised its position in Hudbay Minerals by 12.5% in the 2nd quarter. QS Investors LLC now owns 63,100 shares of the mining company’s stock worth $363,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 64.03% of the company’s stock.
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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