Hudbay Minerals Inc (HBM) Expected to Post FY2017 Earnings of $0.69 Per Share

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at Cormark raised their FY2017 EPS estimates for shares of Hudbay Minerals in a research note issued to investors on Monday. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.69 per share for the year, up from their prior forecast of $0.58.

Other equities analysts have also recently issued reports about the company. CIBC increased their target price on Hudbay Minerals from C$14.00 to C$16.00 in a report on Monday. Eight Capital increased their target price on Hudbay Minerals from C$13.25 to C$13.75 in a report on Friday. National Bank Financial reiterated a “sector perform” rating on shares of Hudbay Minerals in a report on Wednesday, January 17th. Scotiabank reiterated a “focus stock” rating and issued a C$12.50 target price on shares of Hudbay Minerals in a report on Thursday, November 2nd. Finally, BMO Capital Markets increased their target price on Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Hudbay Minerals has an average rating of “Buy” and an average target price of C$12.50.

Shares of Hudbay Minerals (TSE:HBM) opened at C$11.64 on Tuesday. The company has a market cap of $3,040.00, a P/E ratio of 129.33 and a beta of 2.78. Hudbay Minerals has a 52-week low of C$6.13 and a 52-week high of C$12.65.

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

In related news, insider Gmt Capital Corp acquired 6,700 shares of the company’s stock in a transaction on Monday, November 20th. The shares were acquired at an average cost 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.

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

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