Brokers Set Expectations for Hudbay Minerals Inc’s FY2017 Earnings (TSE:HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Investment analysts at National Bank Financial lowered their FY2017 EPS estimates for shares of Hudbay Minerals in a research note issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.74 per share for the year, down from their previous forecast 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.

Several other research firms also recently issued reports on HBM. Scotiabank reiterated a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a research note on Thursday, November 2nd. CIBC boosted their price objective on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research note on Friday, November 3rd. Eight Capital boosted their price objective on shares of Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday, January 19th. BMO Capital Markets boosted their price objective on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. Finally, CSFB decreased their price objective on shares of Hudbay Minerals from C$12.00 to C$11.50 in a research note on Thursday, February 8th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Hudbay Minerals has an average rating of “Buy” and an average target price of C$12.53.

Shares of Hudbay Minerals (HBM) traded up C$0.66 during mid-day trading on Monday, reaching C$10.67. 3,397,502 shares of the company traded hands, compared to its average volume of 1,852,418. Hudbay Minerals has a 1 year low of C$6.13 and a 1 year high of C$12.65. The firm has a market capitalization of $2,750.00, a price-to-earnings ratio of 118.56 and a beta of 2.55.

In other news, insider Gmt Capital Corp sold 5,900 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$7.66, for a total value of C$45,194.00. Insiders sold 50,100 shares of company stock valued at $452,432 over the last 90 days.

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

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