National Bank Financial Comments on HudBay Minerals Inc’s Q2 2017 Earnings (NYSE:HBM)

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Research analysts at National Bank Financial cut their Q2 2017 earnings estimates for shares of HudBay Minerals in a note issued to investors on Sunday. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $0.15 for the quarter, down from their prior estimate of $0.22. National Bank Financial also issued estimates for HudBay Minerals’ FY2017 earnings at $0.46 EPS and FY2018 earnings at $0.74 EPS.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2017/08/19/national-bank-financial-comments-on-hudbay-minerals-incs-q2-2017-earnings-nysehbm-updated-updated-updated.html.

Several other brokerages also recently issued reports on HBM. ValuEngine raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. BidaskClub raised shares of HudBay Minerals from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of HudBay Minerals from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of HudBay Minerals in a research note on Tuesday, April 18th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.06.

HudBay Minerals (HBM) opened at 6.90 on Tuesday. The stock’s market cap is $1.64 billion. HudBay Minerals has a one year low of $3.57 and a one year high of $9.15. The company’s 50-day moving average price is $5.73 and its 200-day moving average price is $6.54.

Several hedge funds have recently bought and sold shares of HBM. Quantbot Technologies LP bought a new stake in HudBay Minerals during the first quarter valued at $118,000. Massachusetts Financial Services Co. MA bought a new stake in HudBay Minerals during the first quarter valued at $127,000. ARP Americas LLC bought a new stake in HudBay Minerals during the first quarter valued at $140,000. Oxford Asset Management bought a new stake in HudBay Minerals during the first quarter valued at $159,000. Finally, Acrospire Investment Management LLC increased its stake in HudBay Minerals by 79.5% in the first quarter. Acrospire Investment Management LLC now owns 24,367 shares of the mining company’s stock valued at $160,000 after buying an additional 10,789 shares in the last quarter. 63.94% of the stock is owned by hedge funds and other institutional investors.

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 (NYSE:HBM)

What are top analysts saying about HudBay Minerals Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HudBay Minerals Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit