Q3 2017 Earnings Estimate for HudBay Minerals Inc. Issued By Raymond James Financial (HBM)

HudBay Minerals Inc. (TSE:HBM) – Investment analysts at Raymond James Financial decreased their Q3 2017 earnings per share estimates for shares of HudBay Minerals in a research note issued to investors on Thursday. Raymond James Financial analyst A. Terentiew now anticipates that the firm will post earnings of $0.13 per share for the quarter, down from their previous estimate of $0.16. Raymond James Financial also issued estimates for HudBay Minerals’ Q4 2017 earnings at $0.16 EPS.

Earnings History and Estimates for HudBay Minerals (TSE:HBM)

Other equities research analysts have also issued reports about the company. National Bank Financial boosted their price objective on HudBay Minerals from C$5.75 to C$8.75 in a research note on Monday, July 18th. CSFB lowered HudBay Minerals from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 28th. Scotiabank restated an “outperform” rating and issued a C$8.00 price target on shares of HudBay Minerals in a research report on Thursday, July 28th. CIBC upped their price target on HudBay Minerals from C$6.50 to C$7.50 in a research report on Thursday, July 28th. Finally, BMO Capital Markets restated a “market perform” rating on shares of HudBay Minerals in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. HudBay Minerals presently has a consensus rating of “Hold” and a consensus price target of C$7.88.

Shares of HudBay Minerals (TSE:HBM) opened at 5.01 on Friday. The company’s 50 day moving average price is $5.12 and its 200-day moving average price is $5.58. The company’s market capitalization is $1.18 billion. HudBay Minerals has a 52 week low of $2.26 and a 52 week high of $7.25.

The company also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a dividend of $0.01 per share. This represents a yield of 0.18%. The ex-dividend date was Wednesday, September 7th.

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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