HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Equities researchers at National Bank Financial increased their FY2016 EPS estimates for HudBay Minerals in a research report issued to clients and investors on Monday. National Bank Financial analyst S. Nagle now anticipates that the brokerage will post earnings per share of $0.12 for the year, up from their prior estimate of $0.11. National Bank Financial currently has a “Outperform Spec Market Weight” rating on the stock. National Bank Financial also issued estimates for HudBay Minerals’ Q4 2016 earnings at $0.06 EPS.

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Earnings History and Estimates for HudBay Minerals (NYSE:HBM)

Other analysts also recently issued research reports about the stock. TD Securities reiterated a “buy” rating and issued a $9.50 target price (up previously from $7.50) on shares of HudBay Minerals in a report on Thursday, November 24th. Zacks Investment Research upgraded shares of HudBay Minerals from a “sell” rating to a “buy” rating and set a $5.00 target price for the company in a report on Thursday, November 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $6.75 target price (down previously from $7.50) on shares of HudBay Minerals in a report on Monday, October 24th. Credit Suisse Group set a $9.00 target price on shares of HudBay Minerals and gave the company a “hold” rating in a report on Tuesday, November 22nd. Finally, BMO Capital Markets initiated coverage on shares of HudBay Minerals in a report on Thursday, February 2nd. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned 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 $7.90.

HudBay Minerals (NYSE:HBM) opened at 8.70 on Thursday. HudBay Minerals has a 12 month low of $2.27 and a 12 month high of $9.15. The stock has a 50 day moving average of $7.45 and a 200 day moving average of $5.52. The firm’s market capitalization is $2.06 billion.

A number of hedge funds have recently bought and sold shares of HBM. Flow Traders U.S. LLC bought a new stake in HudBay Minerals during the second quarter worth about $389,000. Legal & General Group Plc increased its stake in HudBay Minerals by 39.5% in the second quarter. Legal & General Group Plc now owns 138,126 shares of the mining company’s stock worth $656,000 after buying an additional 39,136 shares during the period. CIBC Asset Management Inc increased its stake in HudBay Minerals by 5.5% in the third quarter. CIBC Asset Management Inc now owns 7,172,795 shares of the mining company’s stock worth $28,394,000 after buying an additional 371,436 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in HudBay Minerals by 26.9% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 441,950 shares of the mining company’s stock worth $2,294,000 after buying an additional 93,750 shares during the period. Finally, CIBC World Markets Inc. increased its stake in HudBay Minerals by 15.3% in the third quarter. CIBC World Markets Inc. now owns 290,780 shares of the mining company’s stock worth $1,151,000 after buying an additional 38,589 shares during the period. Institutional investors and hedge funds own 59.61% of the company’s stock.

This news story was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of US & international copyright laws. The original version of this news story can be accessed at http://www.watchlistnews.com/hudbay-minerals-inc-expected-to-earn-fy2016-earnings-of-0-12-per-share-hbm/1121484.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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