Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) – Stock analysts at Cormark raised their FY2017 earnings per share (EPS) estimates for Hudbay Minerals in a report issued on Wednesday. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings of $0.46 per share for the year, up from their prior forecast of $0.38. Cormark also issued estimates for Hudbay Minerals’ Q4 2017 earnings at $0.19 EPS, FY2018 earnings at $1.08 EPS and FY2019 earnings at $1.06 EPS.
A number of other research analysts also recently commented on the company. Zacks Investment Research raised Hudbay Minerals from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Monday, October 23rd. ValuEngine downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. BMO Capital Markets increased their target price on Hudbay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a report on Monday, October 2nd. Finally, Canaccord Genuity downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.
Hudbay Minerals (HBM) opened at $9.70 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Hudbay Minerals has a 1-year low of $4.60 and a 1-year high of $9.95. The company has a market capitalization of $2,550.00, a P/E ratio of 161.67 and a beta of 3.17.
Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP lifted its holdings in shares of Hudbay Minerals by 37.3% in the 2nd quarter. Quantbot Technologies LP now owns 24,912 shares of the mining company’s stock worth $143,000 after purchasing an additional 6,769 shares during the last quarter. Addenda Capital Inc. bought a new stake in shares of Hudbay Minerals in the 4th quarter worth approximately $172,000. Guardian Capital Advisors LP lifted its holdings in shares of Hudbay Minerals by 73.6% in the 2nd quarter. Guardian Capital Advisors LP now owns 40,583 shares of the mining company’s stock worth $336,000 after purchasing an additional 17,200 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Hudbay Minerals by 158.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 46,906 shares of the mining company’s stock worth $348,000 after purchasing an additional 28,726 shares during the last quarter. Finally, QS Investors LLC lifted its holdings in shares of Hudbay Minerals by 12.5% in the 2nd quarter. QS Investors LLC now owns 63,100 shares of the mining company’s stock worth $363,000 after purchasing an additional 7,000 shares during the last quarter. 64.03% of the stock is currently owned by institutional investors.
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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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