FY2017 EPS Estimates for Hudbay Minerals Inc Boosted by Analyst (HBM)
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at Cormark upped their FY2017 EPS estimates for shares of Hudbay Minerals in a research note issued on Wednesday. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.58 per share for the year, up from their previous forecast of $0.49. Cormark also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.24 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.33 EPS.
Other equities research analysts also recently issued research reports about the stock. CIBC boosted their price objective on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Friday, November 3rd. TD Securities cut their price objective on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a research report on Monday, October 2nd. Scotiabank reissued a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price objective 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. Finally, National Bank Financial reissued an “outperform” rating and set a C$11.25 price objective on shares of Hudbay Minerals in a research report on Friday, September 29th. Four investment 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 company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$12.09.
In other news, insider Gmt Capital Corp bought 6,700 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$51,456.00.
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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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