Raymond James Financial Analysts Reduce Earnings Estimates for HudBay Minerals Inc. (HBM)
HudBay Minerals Inc. (TSE:HBM) – Equities research analysts at Raymond James Financial lowered their Q3 2016 EPS estimates for HudBay Minerals in a report released on Thursday. Raymond James Financial analyst A. Terentiew now anticipates that the brokerage will earn $0.05 per share for the quarter, down from their previous forecast of $0.09. Raymond James Financial also issued estimates for HudBay Minerals’ Q4 2016 earnings at $0.04 EPS, FY2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.11 EPS and FY2017 earnings at $0.51 EPS.
A number of other research firms have also recently weighed in on HBM. BMO Capital Markets reaffirmed a “market perform” rating on shares of HudBay Minerals in a report on Tuesday, August 2nd. Barclays PLC reaffirmed an “underweight” rating on shares of HudBay Minerals in a report on Tuesday, August 2nd. CSFB cut HudBay Minerals from an “outperform” rating to a “neutral” rating in a report on Thursday, July 28th. CIBC raised their price target on HudBay Minerals from C$6.50 to C$7.50 in a report on Thursday, July 28th. Finally, TD Securities reaffirmed a “hold” rating and set a C$7.50 price target on shares of HudBay Minerals in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. HudBay Minerals currently has an average rating of “Hold” and an average price target of C$7.88.
Shares of HudBay Minerals (TSE:HBM) opened at 5.01 on Monday. The stock’s market capitalization is $1.18 billion. The stock’s 50 day moving average price is $5.12 and its 200 day moving average price is $5.58. HudBay Minerals has a one year low of $2.26 and a one year high of $7.25.
The firm also recently announced a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, September 7th. This represents a yield of 0.18%.
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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