National Bank Financial Analysts Lower Earnings Estimates for Hudbay Minerals Inc (HBM)
Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at National Bank Financial decreased their FY2017 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.74 per share for the year, down from their previous forecast of $0.75. National Bank Financial has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Hudbay Minerals’ FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.40 EPS.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Wednesday, November 1st. The mining company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.25 by C$0.02. Hudbay Minerals had a net margin of 11.05% and a return on equity of 8.55%.
Hudbay Minerals (TSE HBM) opened at C$11.64 on Monday. Hudbay Minerals has a 52-week low of C$6.13 and a 52-week high of C$12.65. The company has a market cap of $3,040.00, a price-to-earnings ratio of 129.33 and a beta of 2.78.
In other Hudbay Minerals news, insider Gmt Capital Corp bought 6,700 shares of Hudbay Minerals stock in a transaction dated Monday, November 20th. The stock was bought at an average price 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.
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