HudBay Minerals Inc Expected to Earn FY2016 Earnings of $0.17 Per Share (HBM)

HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Cormark issued their FY2016 earnings estimates for shares of HudBay Minerals in a research report issued to clients and investors on Monday. Cormark analyst S. Ioannou forecasts that the firm will earn $0.17 per share for the year. Cormark also issued estimates for HudBay Minerals’ FY2017 earnings at $0.58 EPS, FY2019 earnings at $0.82 EPS and FY2020 earnings at $0.73 EPS.

Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of HudBay Minerals from a “hold” rating to a “strong-buy” rating and set a $8.00 price target on the stock in a research note on Monday, January 23rd. TD Securities upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating and raised their price target for the company from $6.50 to $7.50 in a research note on Thursday, November 3rd. BMO Capital Markets began coverage on shares of HudBay Minerals in a report on Thursday, February 2nd. They issued a “market perform” rating for the company. Canaccord Genuity reiterated a “buy” rating and issued a $6.75 price objective (down from $7.50) on shares of HudBay Minerals in a report on Monday, October 24th. Finally, Credit Suisse Group set a $9.00 price objective on shares of HudBay Minerals and gave the company a “hold” rating in a report on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. HudBay Minerals has a consensus rating of “Buy” and a consensus price target of $7.90.

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

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HudBay Minerals (NYSE:HBM) opened at 9.05 on Wednesday. The firm’s market capitalization is $2.14 billion. HudBay Minerals has a 12 month low of $2.25 and a 12 month high of $9.15. The company’s 50 day moving average price is $7.27 and its 200 day moving average price is $5.47.

This piece of content was first published by Mideast Time and is the property of of Mideast Time. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international copyright legislation. The correct version of this piece of content can be accessed at https://www.mideasttime.com/hudbay-minerals-inc-expected-to-earn-fy2016-earnings-of-0-17-per-share-hbm/1536896.html.

A number of hedge funds have recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of HudBay Minerals during the fourth quarter worth $101,000. PNC Financial Services Group Inc. purchased a new position in HudBay Minerals during the third quarter worth approximately $144,000. Tower Research Capital LLC TRC raised its position in HudBay Minerals by 389.2% in the third quarter. Tower Research Capital LLC TRC now owns 34,970 shares of the mining company’s stock worth $182,000 after buying an additional 27,821 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in HudBay Minerals by 160.8% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 48,194 shares of the mining company’s stock worth $275,000 after buying an additional 29,713 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in HudBay Minerals during the second quarter worth approximately $389,000. Hedge funds and other institutional investors own 59.61% of the company’s stock.

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.

5 Day Chart for NYSE:HBM

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