Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at Cormark increased their FY2017 earnings estimates for shares of Hudbay Minerals in a report issued on Wednesday. Cormark analyst S. Ioannou now anticipates 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.
HBM has been the topic of several other reports. CIBC reiterated an “outperform” rating and set a C$13.00 price target on shares of Hudbay Minerals in a report on Tuesday, October 10th. National Bank Financial downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$11.25 to C$13.00 in a research note on Wednesday, October 18th. Scotiabank restated a “focus stock” rating and issued a C$12.50 target price on shares of Hudbay Minerals in a research note on Thursday, November 2nd. BMO Capital Markets upped their target price on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. Finally, TD Securities dropped their target price on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating on the stock in a research note on Monday, October 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. The stock currently has an average rating of “Buy” and a consensus price target of C$12.09.
In related news, insider Gmt Capital Corp bought 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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About Hudbay Minerals
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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