Hudbay Minerals Inc to Post FY2017 Earnings of $0.55 Per Share, Haywood Securities Forecasts (HBM)
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at Haywood Securities lowered their FY2017 earnings estimates for shares of Hudbay Minerals in a research note issued to investors on Wednesday. Haywood Securities analyst P. Vaillancourt now anticipates that the mining company will post earnings per share of $0.55 for the year, down from their previous forecast of $0.67.
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HBM has been the topic of several other reports. Barclays PLC upped their price target on Hudbay Minerals from C$10.00 to C$11.00 in a research report on Wednesday, August 9th. Eight Capital reissued a “buy” rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. CIBC upped their price target on Hudbay Minerals from C$13.00 to C$14.00 in a research report on Friday, November 3rd. National Bank Financial lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$11.25 to C$13.00 in a research report on Wednesday, October 18th. Finally, TD Securities dropped their price target on Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$12.09.
Shares of Hudbay Minerals (HBM) traded up C$0.33 on Friday, hitting C$9.81. The company’s stock had a trading volume of 1,094,641 shares, compared to its average volume of 2,010,083. Hudbay Minerals has a one year low of C$6.13 and a one year high of C$11.95.
In related news, insider Gmt Capital Corp bought 21,900 shares of the company’s stock in a transaction on Friday, September 15th. The shares were purchased at an average cost of C$7.52 per share, with a total value of C$164,688.00. Insiders acquired 45,500 shares of company stock worth $342,809 over the last ninety days.
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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