Q2 2019 EPS Estimates for Hudbay Minerals Inc (HBM) Boosted by Analyst

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities research analysts at Raymond James increased their Q2 2019 earnings estimates for Hudbay Minerals in a research report issued to clients and investors on Tuesday, May 7th. Raymond James analyst F. Hamed now expects that the mining company will earn $0.12 per share for the quarter, up from their prior forecast of $0.09. Raymond James has a “Market Perform” rating and a $10.50 price objective on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.36 EPS.

HBM has been the subject of a number of other reports. CIBC lowered Hudbay Minerals from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$9.00 to C$8.00 in a report on Monday, January 21st. Eight Capital reiterated a “buy” rating and issued a C$10.00 target price on shares of Hudbay Minerals in a research note on Tuesday, February 19th. TD Securities reduced their target price on shares of Hudbay Minerals from C$11.00 to C$10.50 and set a “buy” rating for the company in a research note on Wednesday, February 20th. CSFB increased their target price on shares of Hudbay Minerals from C$8.50 to C$9.00 in a research note on Monday, February 25th. Finally, Royal Bank of Canada increased their target price on shares of Hudbay Minerals from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Hudbay Minerals presently has an average rating of “Hold” and an average price target of C$10.72.

TSE:HBM opened at C$7.34 on Thursday. The company has a market cap of $2.00 billion and a PE ratio of 22.45. Hudbay Minerals has a 52 week low of C$4.51 and a 52 week high of C$10.42. The company has a debt-to-equity ratio of 48.43, a current ratio of 2.36 and a quick ratio of 1.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Tuesday, February 19th. The mining company reported C$0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.01) by C$0.08. The company had revenue of C$464.96 million for the quarter, compared to the consensus estimate of C$428.92 million.

About Hudbay Minerals

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.

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

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