Cormark Analysts Raise Earnings Estimates for Hudbay Minerals Inc (HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Cormark upped their Q1 2018 earnings per share (EPS) estimates for shares of Hudbay Minerals in a research note issued on Wednesday. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.34 for the quarter, up from their previous forecast of $0.28. Cormark also issued estimates for Hudbay Minerals’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.34 EPS and Q4 2018 earnings at $0.34 EPS.

Several other equities analysts have also commented on the stock. CIBC increased their price objective on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Friday, November 3rd. Scotiabank reaffirmed a “focus stock” rating and issued a C$12.50 price objective on shares of Hudbay Minerals in a research report on Thursday, November 2nd. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$11.25 to C$13.00 in a research report on Wednesday, October 18th. BMO Capital Markets increased their price objective on shares of Hudbay Minerals from C$10.50 to C$10.75 and gave the company a “market perform” rating in a research report on Monday, October 2nd. Finally, TD Securities decreased their price objective on shares of Hudbay Minerals from C$13.00 to C$12.50 and set an “action list buy” rating for the company in a research report on Monday, October 2nd. Four 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. The company presently has an average rating of “Buy” and an average target price of C$12.09.

Hudbay Minerals (HBM) opened at C$12.08 on Thursday. The company has a market cap of $3,160.00, a P/E ratio of 134.22 and a beta of 2.78. Hudbay Minerals has a 1 year low of C$6.13 and a 1 year high of C$12.41.

In other Hudbay Minerals news, insider Gmt Capital Corp purchased 6,700 shares of Hudbay Minerals stock in a transaction on Monday, November 20th. The stock was bought 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.

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

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