National Bank Financial Research Analysts Decrease Earnings Estimates for Hudbay Minerals Inc (HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Research analysts at National Bank Financial cut their FY2017 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $0.74 per share for the year, down from their prior estimate of $0.75. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Hudbay Minerals’ FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.40 EPS.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings results on Wednesday, November 1st. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.02. Hudbay Minerals had a return on equity of 8.55% and a net margin of 11.05%.

HBM has been the subject of several other research reports. CIBC increased their price target on Hudbay Minerals from C$13.00 to C$14.00 in a research note on Friday, November 3rd. TD Securities decreased their price target on Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a research note on Monday, October 2nd. BMO Capital Markets increased their price target on Hudbay Minerals from C$10.50 to C$10.75 and gave the company a “market perform” rating in a research note on Monday, October 2nd. Eight Capital increased their price target on Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday. Finally, Scotiabank reissued a “focus stock” rating and issued a C$12.50 price target on shares of Hudbay Minerals in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Hudbay Minerals currently has a consensus rating of “Buy” and a consensus target price of C$12.28.

Shares of Hudbay Minerals (TSE HBM) opened at C$11.75 on Monday. The firm has a market capitalization of $3,070.00, a PE ratio of 130.56 and a beta of 2.78. Hudbay Minerals has a one year low of C$6.13 and a one year high of C$12.65.

In other Hudbay Minerals news, insider Gmt Capital Corp bought 6,700 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of C$7.68 per share, with a total value 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.

Earnings History and Estimates for Hudbay Minerals (TSE:HBM)

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