Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Investment analysts at Cormark cut their Q2 2018 earnings per share estimates for Hudbay Minerals in a research report issued on Tuesday. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.22 per share for the quarter, down from their previous estimate of $0.32. Cormark also issued estimates for Hudbay Minerals’ Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.85 EPS.
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A number of other equities research analysts have also recently issued reports on HBM. CSFB initiated coverage on shares of Hudbay Minerals in a research report on Thursday, April 13th. They set a “neutral” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a C$13.00 target price on shares of Hudbay Minerals in a research report on Friday, April 21st. Scotiabank reiterated a “focus stock” rating and set a C$12.50 target price on shares of Hudbay Minerals in a research report on Thursday, May 4th. TD Securities reiterated a “buy” rating and set a C$13.50 target price on shares of Hudbay Minerals in a research report on Thursday, May 4th. Finally, ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$10.61.
Hudbay Minerals (TSE:HBM) traded down 1.43% on Wednesday, reaching $9.63. 806,776 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $8.11 and a 200-day moving average of $8.71. Hudbay Minerals has a 12 month low of $4.74 and a 12 month high of $11.95. The firm’s market capitalization is $2.28 billion.
In related news, insider Gmt Capital Corp acquired 5,400 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were purchased at an average price of C$4.86 per share, with a total value of C$26,244.00. In the last three months, insiders have acquired 80,400 shares of company stock worth $447,046.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.01 per share. The ex-dividend date is Thursday, September 7th.
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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