Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) – Equities researchers at National Bank Financial lifted their FY2016 earnings per share (EPS) estimates for shares of Hudbay Minerals in a report issued on Monday. National Bank Financial analyst S. Nagle now expects that the brokerage will earn $0.16 per share for the year, up from their prior forecast of $0.14. National Bank Financial currently has a “Outperform” rating and a $13.00 price objective on the stock. National Bank Financial also issued estimates for Hudbay Minerals’ Q4 2016 earnings at $0.08 EPS.

A number of other equities research analysts have also weighed in on HBM. Canaccord Genuity decreased their price objective on shares of Hudbay Minerals from C$7.50 to C$6.75 and set a “buy” rating for the company in a report on Monday, October 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$7.00 price objective on shares of Hudbay Minerals in a report on Tuesday, October 25th. Scotiabank reiterated an “outperform” rating and set a C$7.00 price objective on shares of Hudbay Minerals in a report on Thursday, November 3rd. TD Securities upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$6.50 to C$7.50 in a report on Thursday, November 3rd. Finally, Barclays PLC lifted their price objective on shares of Hudbay Minerals from C$5.00 to C$7.00 and gave the company an “underweight” rating in a report on Thursday, November 17th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$10.63.

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

“Equities Analysts Issue Forecasts for Hudbay Minerals Inc’s FY2016 Earnings (HBM)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The correct version of this article can be viewed at http://www.watchlistnews.com/equities-analysts-issue-forecasts-for-hudbay-minerals-incs-fy2016-earnings-hbm/1121451.html.

Hudbay Minerals (TSE:HBM) opened at 11.38 on Thursday. The company’s market cap is $2.69 billion. Hudbay Minerals has a 12 month low of $3.14 and a 12 month high of $11.95. The company’s 50-day moving average is $9.79 and its 200-day moving average is $7.33.

“Equities Analysts Issue Forecasts for Hudbay Minerals Inc’s FY2016 Earnings (HBM)” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The correct version of this article can be viewed at http://www.watchlistnews.com/equities-analysts-issue-forecasts-for-hudbay-minerals-incs-fy2016-earnings-hbm/1121451.html.

About Hudbay Minerals

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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