National Bank Financial Reaffirms “Sector Perform” Rating for Hudbay Minerals (HBM)

National Bank Financial reissued their sector perform rating on shares of Hudbay Minerals (TSE:HBM) (NYSE:HBM) in a research note released on Wednesday morning. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.33 EPS.

A number of other equities research analysts also recently weighed in on the company. CIBC lifted their price objective on Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday, November 3rd. Scotiabank reaffirmed a focus stock rating and set a C$12.50 price objective on shares of Hudbay Minerals in a report on Thursday, November 2nd. BMO Capital Markets lifted their price objective on Hudbay Minerals from C$10.50 to C$10.75 and gave the company a market perform rating in a report on Monday, October 2nd. Finally, TD Securities decreased their price objective on Hudbay Minerals from C$13.00 to C$12.50 and set an action list buy rating on the stock in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of C$12.28.

Shares of Hudbay Minerals (HBM) opened at C$11.75 on Wednesday. The firm has a market capitalization of $3,070.00, a P/E ratio of 130.56 and a beta of 2.78. Hudbay Minerals has a 1-year low of C$6.13 and a 1-year high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Wednesday, November 1st. The mining company reported C$0.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.02. Hudbay Minerals had a return on equity of 8.55% and a net margin of 11.05%.

In other Hudbay Minerals news, insider Gmt Capital Corp bought 6,700 shares of Hudbay Minerals stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost 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.

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

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