FY2017 EPS Estimates for Hudbay Minerals Inc Raised by Analyst (HBM)
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Analysts at National Bank Financial boosted their FY2017 EPS estimates for shares of Hudbay Minerals in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.75 per share for the year, up from their prior forecast of $0.66. National Bank Financial currently has a “Sector Perform” rating and a $13.00 target price on the stock. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.31 EPS, FY2018 earnings at $1.23 EPS and FY2019 earnings at $1.56 EPS.
A number of other equities research analysts have also recently commented on the stock. CIBC reiterated an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a research report on Tuesday, October 10th. BMO Capital Markets increased their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the company a “market perform” rating in a research report on Monday, October 2nd. Eight Capital reiterated a “buy” rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. Scotiabank reiterated a “focus stock” rating and issued a C$11.00 target price on shares of Hudbay Minerals in a research report on Friday, August 4th. Finally, TD Securities reduced their target price on shares of Hudbay Minerals from C$13.50 to C$13.00 and set an “action list buy” rating for the company in a research report on Friday, August 4th. Four research 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 company’s stock. The company has a consensus rating of “Buy” and an average price target of C$12.09.
Shares of Hudbay Minerals (TSE HBM) opened at C$9.85 on Monday. Hudbay Minerals has a 12-month low of C$5.86 and a 12-month high of C$11.95.
In other news, insider Gmt Capital Corp acquired 21,900 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was purchased at an average cost of C$7.52 per share, for a total transaction of C$164,688.00. Over the last 90 days, insiders have purchased 57,300 shares of company stock valued at $428,831.
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.
Receive News & Ratings for Hudbay Minerals Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals Inc and related companies with MarketBeat.com's FREE daily email newsletter.