Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Analysts at Cormark cut their Q1 2020 earnings estimates for Hudbay Minerals in a research report issued to clients and investors on Tuesday, November 6th. Cormark analyst S. Ioannou now expects that the mining company will earn $0.14 per share for the quarter, down from their previous estimate of $0.14. Cormark also issued estimates for Hudbay Minerals’ Q2 2020 earnings at $0.14 EPS and Q3 2020 earnings at $0.14 EPS.
HBM has been the subject of a number of other reports. CSFB reaffirmed a “neutral” rating and set a C$8.50 price objective on shares of Hudbay Minerals in a report on Monday, September 10th. CIBC cut their price objective on shares of Hudbay Minerals from C$10.00 to C$9.00 in a report on Monday. Royal Bank of Canada cut their price objective on shares of Hudbay Minerals from C$13.00 to C$11.00 and set an “outperform” rating for the company in a report on Monday, August 13th. National Bank Financial cut their price objective on shares of Hudbay Minerals from C$11.25 to C$9.50 in a report on Saturday, July 14th. Finally, Raymond James reaffirmed an “outperform” rating and set a C$9.00 price objective on shares of Hudbay Minerals in a report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hudbay Minerals currently has a consensus rating of “Buy” and an average price target of C$10.80.
Hudbay Minerals stock opened at C$6.47 on Wednesday. Hudbay Minerals has a 12-month low of C$4.51 and a 12-month high of C$12.65. The company has a current ratio of 2.15, a quick ratio of 1.67 and a debt-to-equity ratio of 48.75.
In other news, Director William Warren Holmes bought 10,000 shares of the stock in a transaction dated Thursday, August 9th. The stock was purchased at an average cost of C$6.70 per share, for a total transaction of C$67,000.00. Also, insider Gmt Capital Corp bought 24,400 shares of the stock in a transaction dated Thursday, November 1st. The shares were purchased at an average price of C$4.63 per share, with a total value of C$112,972.00. Insiders have bought a total of 111,600 shares of company stock valued at $623,784 over the last quarter.
About Hudbay Minerals
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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