Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Stock analysts at Cormark raised their Q1 2019 earnings estimates for shares of Hudbay Minerals in a note issued to investors on Monday, March 11th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.08 for the quarter, up from their previous forecast of $0.07. Cormark also issued estimates for Hudbay Minerals’ Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.32 EPS and FY2020 earnings at $0.40 EPS.
HBM has been the subject of several other research reports. Royal Bank of Canada raised their target price on Hudbay Minerals from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. Eight Capital reaffirmed a “buy” rating and set a C$10.00 target price on shares of Hudbay Minerals in a research note on Tuesday, February 19th. BMO Capital Markets raised their target price on Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Tuesday. CIBC raised their target price on Hudbay Minerals from C$8.00 to C$9.50 in a research note on Monday, February 25th. Finally, Raymond James cut Hudbay Minerals from an “outperform” rating to a “market perform” rating and set a C$9.00 target price for the company. in a research note on Thursday, February 21st. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Hudbay Minerals currently has a consensus rating of “Buy” and a consensus price target of C$10.58.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Tuesday, February 19th. The mining company reported C$0.07 EPS for the quarter, topping the consensus estimate of C($0.01) by C$0.08. The business had revenue of C$464.96 million for the quarter, compared to analyst estimates of C$428.92 million.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a $0.01 dividend. The ex-dividend date is Thursday, March 7th. This represents a yield of 0.11%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.12%.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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