Hudbay Minerals (HBM) Downgraded to Sector Perform at National Bank Financial

Hudbay Minerals (NYSE:HBM) (TSE:HBM) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a report released on Thursday, MarketBeat reports. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.60 EPS and FY2018 earnings at $0.88 EPS.

HBM has been the topic of several other reports. BMO Capital Markets upped their price target on shares of Hudbay Minerals from $10.50 to $10.75 and gave the company a “market perform” rating in a research note on Monday, October 2nd. ValuEngine downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Canaccord Genuity downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Zacks Investment Research downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.25.

Hudbay Minerals (NYSE HBM) opened at $9.35 on Thursday. Hudbay Minerals has a fifty-two week low of $4.60 and a fifty-two week high of $10.25. The company has a market cap of $2,403.70, a price-to-earnings ratio of 133.57 and a beta of 3.17. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.33.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, November 1st. The mining company reported $0.21 EPS 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%. equities research analysts predict that Hudbay Minerals will post 0.52 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Hudbay Minerals by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock valued at $27,565,000 after acquiring an additional 224,085 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Hudbay Minerals by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company’s stock worth $16,655,000 after buying an additional 83,094 shares in the last quarter. Barometer Capital Management Inc. acquired a new stake in Hudbay Minerals during the third quarter worth about $7,010,000. Schroder Investment Management Group acquired a new stake in Hudbay Minerals during the third quarter worth about $429,000. Finally, Numeric Investors LLC grew its stake in Hudbay Minerals by 96.0% during the second quarter. Numeric Investors LLC now owns 136,600 shares of the mining company’s stock worth $789,000 after buying an additional 66,900 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.

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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.

Analyst Recommendations for Hudbay Minerals (NYSE:HBM)

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