Hudbay Minerals Inc Expected to Earn Q2 2019 Earnings of $0.08 Per Share (HBM)

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Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Analysts at Cormark upped their Q2 2019 earnings per share estimates for shares of Hudbay Minerals in a research report issued on Wednesday, May 8th. Cormark analyst S. Ioannou now expects that the mining company will earn $0.08 per share for the quarter, up from their previous forecast of $0.07. Cormark also issued estimates for Hudbay Minerals’ Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.11 EPS, FY2019 earnings at $0.24 EPS, Q1 2020 earnings at $0.05 EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.05 EPS, Q4 2020 earnings at $0.05 EPS, Q1 2021 earnings at $0.19 EPS and FY2021 earnings at $0.77 EPS.

HBM has been the subject of a number of other research reports. Royal Bank of Canada increased their price objective on Hudbay Minerals from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Friday, March 1st. Eight Capital reiterated a “buy” rating and set a C$10.00 price objective on shares of Hudbay Minerals in a research report on Tuesday, February 19th. BMO Capital Markets increased their price objective on Hudbay Minerals from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Tuesday, March 12th. CIBC increased their price objective on Hudbay Minerals from C$8.00 to C$9.50 in a research report on Monday, February 25th. Finally, Raymond James downgraded Hudbay Minerals from an “outperform” rating to a “market perform” rating and set a C$9.00 price objective for the company. in a research report on Thursday, February 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$10.89.

HBM opened at C$7.65 on Thursday. The company has a market capitalization of $2.31 billion and a price-to-earnings ratio of 23.39. 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 has a 1-year low of C$4.51 and a 1-year high of C$10.42.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Tuesday, February 19th. The mining company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.01) by C$0.08. The firm had revenue of C$464.96 million during the quarter, compared to analyst estimates of C$428.92 million.

Hudbay Minerals Company Profile

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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