Analyst Ratings for Hudbay Minerals Inc. (HBM)Updated: 2017-07-27
Analysts covering Hudbay Minerals Inc. (NYSE:HBM) have given it a consensus rating of Overweight. Last month, HBM received an average rating of Overweight.
9 analysts declared HBM a buy, 1 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for HBM by the analysts covering the stock. The maximum price target given was 13.75, implying a possible profit of 84.56 percent. The most pessimistic price target was 9.5, implying a possible loss of 27.52 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -26.39 percent. The average change in earnings estimates over the last 90 days is -22.5 percent. Meanwhile, fiscal year estimates have been revised downwards by -8.06 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -26.1 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 2 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
HBM has a 52-week high of 9.15 and a 52-week low of 3.57. Currently the stock is 108.68 percent higher than its low, and 18.58 percent below the high. HBM has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The HBM value stock report compares HBM to some of its peers using value stock charts. The stock has a market capitalization of $2.36 billion. HBM is estimated to release their earnings results for the quarter on 0000-00-00, days from today.