Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lowered by Haywood Securities from C$11.00 to C$9.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Haywood Securities also issued estimates for Hudbay Minerals’ Q3 2019 earnings at $0.10 EPS and Q4 2019 earnings at $0.09 EPS.
Several other research firms also recently commented on HBM. BMO Capital Markets began coverage on Encompass Health in a research note on Thursday, June 27th. They issued an outperform rating and a $72.00 price objective for the company. CIBC raised Crescent Point Energy from a neutral rating to a sector outperform rating in a research note on Thursday, May 9th. Royal Bank of Canada set a €86.00 ($100.00) price objective on Henkel AG & Co KGaA and gave the company a neutral rating in a research note on Tuesday, May 7th. Canaccord Genuity reduced their price objective on Trevali Mining from C$0.75 to C$0.65 in a research note on Monday, April 15th. Finally, Eight Capital downgraded Hudbay Minerals from a buy rating to a neutral rating and reduced their price objective for the company from C$12.00 to C$11.00 in a research note on Tuesday, May 7th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Hudbay Minerals has a consensus rating of Hold and a consensus price target of C$9.91.
TSE HBM opened at C$6.42 on Tuesday. The company has a fifty day moving average price of C$6.88. Hudbay Minerals has a one year low of C$4.51 and a one year high of C$10.42. The company has a current ratio of 2.64, a quick ratio of 2.09 and a debt-to-equity ratio of 49.18. The firm has a market cap of $1.70 billion and a P/E ratio of 54.87.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Monday, May 6th. The mining company reported C$0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.03. The firm had revenue of C$388.58 million during the quarter, compared to analyst estimates of C$423.44 million. On average, research analysts predict that Hudbay Minerals will post 0.26 EPS for the current fiscal year.
In related news, insider Waterton Global Resource Management, Inc. bought 500,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The stock was acquired at an average cost of C$6.57 per share, with a total value of C$3,284,358.00. Following the purchase, the insider now directly owns 17,324,844 shares of the company’s stock, valued at C$113,801,979.98.
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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