Raymond James Financial Analysts Reduce Earnings Estimates for HudBay Minerals Inc. (HBM)
HudBay Minerals Inc. (TSE:HBM) – Equities research analysts at Raymond James Financial dropped their Q3 2016 earnings per share (EPS) estimates for HudBay Minerals in a research note issued on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the firm will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.09. Raymond James Financial also issued estimates for HudBay Minerals’ Q4 2016 earnings at $0.04 EPS, FY2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.11 EPS and FY2017 earnings at $0.51 EPS.
HBM has been the topic of a number of other reports. Scotiabank reduced their target price on shares of HudBay Minerals from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a report on Monday, September 19th. BMO Capital Markets reduced their target price on shares of HudBay Minerals from C$7.50 to C$6.50 and set an “outperform” rating on the stock in a report on Thursday, September 29th. National Bank Financial upped their price objective on shares of HudBay Minerals from C$5.75 to C$8.75 in a research note on Monday, July 18th. CIBC upped their price objective on shares of HudBay Minerals from C$6.50 to C$7.50 in a research note on Thursday, July 28th. Finally, Barclays PLC reaffirmed an “underweight” rating on shares of HudBay Minerals in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$7.88.
HudBay Minerals (TSE:HBM) opened at 5.01 on Monday. HudBay Minerals has a 1-year low of $2.26 and a 1-year high of $7.25. The stock has a 50 day moving average of $5.12 and a 200 day moving average of $5.58. The stock’s market cap is $1.18 billion.
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The business also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were issued a $0.01 dividend. This represents a yield of 0.18%. The ex-dividend date was Wednesday, September 7th.
About HudBay Minerals
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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