Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Stock analysts at Cormark boosted their Q1 2019 earnings per share (EPS) estimates for Hudbay Minerals in a research note issued to investors on Monday, March 11th. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.08 for the quarter, up from their prior estimate of $0.07. Cormark also issued estimates for Hudbay Minerals’ Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.08 EPS, FY2019 earnings at $0.32 EPS and FY2020 earnings at $0.40 EPS.
Other analysts have also recently issued research reports about the stock. Eight Capital increased their price target on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research note on Monday, March 11th. CIBC increased their price target on shares of Hudbay Minerals from C$8.00 to C$9.50 in a research note on Monday, February 25th. CSFB increased their price target on shares of Hudbay Minerals from C$8.50 to C$9.00 in a research note on Monday, February 25th. TD Securities increased their price target on shares of Hudbay Minerals from C$10.50 to C$12.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Finally, Raymond James cut shares of Hudbay Minerals from an “outperform” rating to a “market perform” rating and set a C$9.00 price target for the company. in a research note on Thursday, February 21st. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of C$10.58.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Tuesday, February 19th. The mining company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C($0.01) by C$0.08. The firm had revenue of C$464.96 million during the quarter, compared to analysts’ expectations of C$428.92 million.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, March 7th. This represents a dividend yield of 0.11%. Hudbay Minerals’s payout ratio is currently 6.12%.
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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