Q3 2016 EPS Estimates for HudBay Minerals Inc. Decreased by Analyst (HBM)
HudBay Minerals Inc. (TSE:HBM) – Analysts at Raymond James Financial lowered their Q3 2016 earnings per share estimates for shares of HudBay Minerals in a research report issued to clients and investors on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the firm will post earnings per share of $0.05 for the quarter, down from their previous estimate of $0.09. Raymond James Financial also issued estimates for HudBay Minerals’ Q4 2016 earnings at $0.04 EPS, FY2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.11 EPS and FY2017 earnings at $0.51 EPS.
A number of other equities analysts also recently commented on the company. National Bank Financial boosted their price objective on HudBay Minerals from C$5.75 to C$8.75 in a research report on Monday, July 18th. Scotiabank lowered their price objective on HudBay Minerals from C$8.00 to C$7.50 and set an “outperform” rating for the company in a research report on Monday, September 19th. Canaccord Genuity boosted their price objective on HudBay Minerals from C$6.00 to C$7.00 in a research report on Monday, July 25th. Royal Bank Of Canada boosted their price objective on HudBay Minerals from C$7.50 to C$8.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Finally, Barclays PLC boosted their price objective on HudBay Minerals from C$4.00 to C$5.00 in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$7.88.
Shares of HudBay Minerals (TSE:HBM) opened at 5.40 on Monday. The firm’s market cap is $1.28 billion. HudBay Minerals has a 52 week low of $2.26 and a 52 week high of $7.25. The stock’s 50 day moving average is $5.09 and its 200-day moving average is $5.60.
The company also recently disclosed a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a $0.01 dividend. This represents a yield of 0.18%. The ex-dividend date of this dividend 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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