Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at National Bank Financial increased their Q4 2017 earnings estimates for Hudbay Minerals in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $0.33 for the quarter, up from their previous estimate of $0.31. National Bank Financial currently has a “Sector Perform Spec Overwgt” rating on the stock.
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 Thomson Reuters’ 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%.
A number of other analysts also recently commented on the company. CIBC upped their price objective on Hudbay Minerals from C$13.00 to C$14.00 in a report on Friday, November 3rd. TD Securities dropped their price objective on Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a report on Monday, October 2nd. Scotiabank restated a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a report on Thursday, November 2nd. Finally, BMO Capital Markets upped their price objective 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Hudbay Minerals presently has an average rating of “Buy” and a consensus target price of C$12.09.
Shares of Hudbay Minerals (HBM) traded down C$1.03 on Friday, reaching C$11.47. The company’s stock had a trading volume of 4,102,742 shares, compared to its average volume of 1,730,506. The firm has a market cap of $3,000.00, a P/E ratio of 127.44 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.
In other Hudbay Minerals news, insider Gmt Capital Corp purchased 6,700 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of C$7.68 per share, with a total value 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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