National Bank Financial Analysts Lower Earnings Estimates for Hudbay Minerals Inc (HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Stock analysts at National Bank Financial decreased their Q1 2018 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Monday, April 9th, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of $0.33 for the quarter, down from their prior estimate of $0.35. National Bank Financial has a “Sector Perform” rating on the stock.

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A number of other brokerages have also issued reports on HBM. CSFB decreased their target price on shares of Hudbay Minerals from C$12.00 to C$11.50 in a research report on Thursday, February 8th. CIBC raised their target price on shares of Hudbay Minerals from C$14.00 to C$16.00 in a research report on Monday, January 22nd. Eight Capital decreased their target price on shares of Hudbay Minerals from C$13.50 to C$13.00 in a research report on Thursday. Scotiabank cut their price target on shares of Hudbay Minerals from C$14.50 to C$14.00 and set a “focus stock” rating on the stock in a research note on Thursday, February 22nd. Finally, Paradigm Capital raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating and increased their price target for the stock from C$13.00 to C$14.00 in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$12.95.

Shares of TSE HBM opened at C$9.40 on Wednesday. Hudbay Minerals has a 1 year low of C$6.13 and a 1 year high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its earnings results on Wednesday, February 21st. The mining company reported C$0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.34 by C($0.01). Hudbay Minerals had a return on equity of 19.07% and a net margin of 24.07%. The firm had revenue of C$526.00 million for the quarter, compared to analyst estimates of C$513.30 million.

In other Hudbay Minerals news, insider Gmt Capital Corp sold 5,700 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of C$7.19, for a total transaction of C$40,983.00. In the last ninety days, insiders have sold 105,500 shares of company stock worth $875,109.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 9th were paid a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date was Thursday, March 8th.

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

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