FY2018 EPS Estimates for Hudbay Minerals Inc. Cut by Haywood Securities (HBM)
Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) – Investment analysts at Haywood Securities cut their FY2018 earnings per share estimates for Hudbay Minerals in a research note issued on Wednesday. Haywood Securities analyst P. Vaillancourt now anticipates that the mining company will post earnings per share of $1.08 for the year, down from their previous estimate of $1.41.
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Several other equities research analysts have also issued reports on HBM. TD Securities reduced their target price 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 report on Monday, October 2nd. Barclays PLC increased their target price on shares of Hudbay Minerals from C$10.00 to C$11.00 in a report on Wednesday, August 9th. Eight Capital reissued a “buy” rating on shares of Hudbay Minerals in a report on Thursday, August 17th. Scotiabank reissued a “focus stock” rating and issued a C$11.00 target price on shares of Hudbay Minerals in a report on Friday, August 4th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$11.25 target price on shares of Hudbay Minerals in a report on Friday, September 29th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$12.09.
Hudbay Minerals (TSE:HBM) traded down C$0.10 during trading on Monday, reaching C$9.71. 795,132 shares of the company traded hands, compared to its average volume of 2,004,635. Hudbay Minerals has a one year low of C$6.13 and a one year high of C$11.95.
In related news, insider Gmt Capital Corp purchased 6,700 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was bought at an average cost of C$7.68 per share, for a total transaction of C$51,456.00. Insiders have bought a total of 52,200 shares of company stock valued at $394,265 over the last quarter.
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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