Haywood Securities Equities Analysts Reduce Earnings Estimates for Hudbay Minerals Inc (HBM)
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Investment analysts at Haywood Securities decreased their FY2017 EPS estimates for Hudbay Minerals in a research note issued to investors on Wednesday. Haywood Securities analyst P. Vaillancourt now forecasts that the mining company will earn $0.55 per share for the year, down from their prior estimate of $0.67.
Several other research analysts have also weighed in on HBM. National Bank Financial boosted their price objective on shares of Hudbay Minerals from C$10.25 to C$11.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Scotiabank restated a “focus stock” rating and set a C$11.00 price objective on shares of Hudbay Minerals in a research note on Friday, August 4th. TD Securities lowered their price objective on shares of Hudbay Minerals from C$13.50 to C$13.00 and set an “action list buy” rating on the stock in a research note on Friday, August 4th. Barclays PLC boosted their price objective on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research note on Wednesday, August 9th. Finally, Eight Capital restated a “buy” rating on shares of Hudbay Minerals in a research note on Thursday, August 17th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$12.09.
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Hudbay Minerals (TSE HBM) opened at C$9.81 on Friday. Hudbay Minerals has a 52 week low of C$6.13 and a 52 week high of C$11.95.
In other Hudbay Minerals news, insider Gmt Capital Corp acquired 21,900 shares of the business’s stock in a transaction on Friday, September 15th. The stock was purchased at an average price of C$7.52 per share, with a total value of C$164,688.00. Insiders acquired a total of 45,500 shares of company stock valued at $342,809 in the last three months.
Hudbay Minerals Company Profile
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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