Q3 2019 Earnings Forecast for Hudbay Minerals Inc (TSE:HBM) Issued By Raymond James

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Analysts at Raymond James reduced their Q3 2019 earnings estimates for shares of Hudbay Minerals in a research report issued to clients and investors on Tuesday, October 15th. Raymond James analyst F. Hamed now forecasts that the mining company will post earnings of ($0.12) per share for the quarter, down from their previous estimate of ($0.07). Raymond James currently has a “Market Perform” rating and a $7.50 target price on the stock. Raymond James also issued estimates for Hudbay Minerals’ Q4 2019 earnings at $0.01 EPS.

Several other equities research analysts also recently commented on the stock. Eight Capital reduced their target price on shares of Hudbay Minerals from C$11.00 to C$9.00 in a research note on Friday, August 2nd. Royal Bank of Canada cut their price target on Hudbay Minerals from C$9.00 to C$8.00 in a report on Friday, August 2nd. Canaccord Genuity cut their price target on Hudbay Minerals from C$9.00 to C$7.00 in a report on Monday, August 12th. Cormark cut their price target on Hudbay Minerals from C$11.50 to C$9.00 in a report on Tuesday, July 23rd. Finally, CIBC cut their price target on Hudbay Minerals from C$7.00 to C$5.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Hudbay Minerals has a consensus rating of “Hold” and an average target price of C$7.31.

Shares of TSE:HBM opened at C$4.72 on Friday. Hudbay Minerals has a 52 week low of C$3.98 and a 52 week high of C$10.42. The company has a debt-to-equity ratio of 49.69, a quick ratio of 1.78 and a current ratio of 2.31. The company’s fifty day moving average is C$4.72 and its 200-day moving average is C$6.45. The company has a market capitalization of $1.19 billion and a PE ratio of -25.51.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Thursday, August 8th. The mining company reported C($0.06) EPS for the quarter. The firm had revenue of C$440.65 million for the quarter, compared to the consensus estimate of C$411.53 million.

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 0.23%. Hudbay Minerals’s dividend payout ratio is -8.27%.

In other Hudbay Minerals news, Senior Officer Eugene Chi-Yen Lei purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of C$5.26 per share, with a total value of C$26,300.00. Following the completion of the acquisition, the insider now directly owns 91,941 shares of the company’s stock, valued at approximately C$483,609.66.

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.

Recommended Story: Why does the United States have a lingering trade deficit?

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

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.