HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) – Investment analysts at Cormark issued their FY2018 earnings per share (EPS) estimates for shares of HudBay Minerals in a report issued on Monday. Cormark analyst S. Ioannou expects that the brokerage will post earnings of $0.59 per share for the year. Cormark also issued estimates for HudBay Minerals’ FY2021 earnings at $0.79 EPS.

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

Several other brokerages have also recently issued reports on HBM. Zacks Investment Research raised shares of HudBay Minerals from a “hold” rating to a “strong-buy” rating and set a $8.00 price objective on the stock in a research note on Monday, January 23rd. TD Securities raised shares of HudBay Minerals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $6.50 to $7.50 in a research note on Thursday, November 3rd. BMO Capital Markets began coverage on shares of HudBay Minerals in a research note on Thursday, February 2nd. They issued a “market perform” rating on the stock. Canaccord Genuity reissued a “buy” rating and issued a $6.75 price objective (down from $7.50) on shares of HudBay Minerals in a research note on Monday, October 24th. Finally, Credit Suisse Group set a $9.00 price objective on shares of HudBay Minerals and gave the company a “hold” rating in a research note on Tuesday, November 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $7.90.

HudBay Minerals (NYSE:HBM) traded down 2.25% during trading on Tuesday, hitting $8.70. 801,739 shares of the stock traded hands. HudBay Minerals has a 52-week low of $2.27 and a 52-week high of $9.15. The company’s 50 day moving average price is $7.36 and its 200-day moving average price is $5.49. The stock’s market cap is $2.06 billion.

Several large investors have recently added to or reduced their stakes in HBM. CIBC Asset Management Inc raised its position 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. ICM Asset Management Inc. WA raised its position in shares of HudBay Minerals by 166.5% in the third quarter. ICM Asset Management Inc. WA now owns 472,860 shares of the mining company’s stock valued at $1,873,000 after buying an additional 295,430 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of 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 valued at $2,294,000 after buying an additional 93,750 shares during the last quarter. Highbridge Capital Management LLC raised its position in shares of HudBay Minerals by 2,972.0% in the third quarter. Highbridge Capital Management LLC now owns 328,700 shares of the mining company’s stock valued at $1,300,000 after buying an additional 318,000 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of HudBay Minerals by 100.0% in the third quarter. Citadel Advisors LLC now owns 1,023,059 shares of the mining company’s stock valued at $4,049,000 after buying an additional 511,589 shares during the last quarter. Institutional investors and hedge funds own 59.61% of the company’s stock.

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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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