Brokers Set Expectations for Hudbay Minerals Inc’s Q2 2017 Earnings (HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities research analysts at National Bank Financial decreased their Q2 2017 earnings per share estimates for Hudbay Minerals in a note issued to investors on Sunday. National Bank Financial analyst S. Nagle now forecasts that the mining company will earn $0.19 per share for the quarter, down from their previous estimate of $0.29. National Bank Financial has a “Outperform” rating and a $11.00 price target on the stock.

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A number of other equities analysts have also recently commented on HBM. Scotiabank set a C$12.75 target price on shares of Hudbay Minerals and gave the company a “focus stock” rating in a report on Monday, April 3rd. Canaccord Genuity cut their target price on shares of Hudbay Minerals from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, April 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$13.00 target price on shares of Hudbay Minerals in a report on Thursday, April 6th. Barclays PLC dropped their price objective on shares of Hudbay Minerals from C$11.00 to C$10.00 in a research note on Friday, May 19th. Finally, ValuEngine raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of C$10.72.

Hudbay Minerals (TSE:HBM) opened at 8.67 on Tuesday. Hudbay Minerals has a 1-year low of $4.74 and a 1-year high of $11.95. The company’s market cap is $2.06 billion. The company’s 50 day moving average is $7.45 and its 200 day moving average is $8.67.

In other news, insider Gmt Capital Corp acquired 29,100 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of C$5.31 per share, with a total value of C$154,521.00. Insiders acquired a total of 138,600 shares of company stock worth $770,611 over the last three months.

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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