Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Analysts at Cormark decreased their Q1 2018 earnings estimates for Hudbay Minerals in a research note issued on Friday. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.17 for the quarter, down from their prior forecast of $0.19. Cormark also issued estimates for Hudbay Minerals’ Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.27 EPS, Q2 2019 earnings at $0.27 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $1.09 EPS.
Several other analysts have also issued reports on the stock. Raymond James Financial reduced their target price on shares of Hudbay Minerals from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Paradigm Capital upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating and upped their target price for the stock from C$13.00 to C$14.00 in a research note on Friday, February 23rd. Scotiabank reduced their target price on shares of Hudbay Minerals from C$14.50 to C$14.00 and set a “focus stock” rating for the company in a research note on Thursday, February 22nd. CSFB reduced their target price on shares of Hudbay Minerals from C$12.00 to C$11.50 in a research note on Thursday, February 8th. Finally, BMO Capital Markets upped their target price on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$12.81.
In related news, insider Gmt Capital Corp sold 9,300 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$8.14, for a total transaction of C$75,702.00. In the last 90 days, insiders have sold 59,400 shares of company stock valued at $528,134.
The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 9th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 8th. Hudbay Minerals’s payout ratio is currently 1.86%.
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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