Revenue Update on HudBay Minerals Inc(NYSE:HBM)

HudBay Minerals Inc(NYSE:HBM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $316.654M. Analysts estimated a revenue of $306.740M. The revenues were 3.23% above the estimates. Earnings per share were $0.09. The reported EPS was above estimates by 12.5%. Analysts had estimated an EPS of $0.08.

In a different note, BMO Capital said it Initiates Coverage On HudBay Minerals Inc, according to a research note issued on Feb 2, 2017. The shares have been rated ‘Market Perform’ by the firm.

HudBay Minerals Inc (HBM) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.60% at a volume of 7,28,809. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.35. The peak price level was also seen at $8.35 while the days lowest was $8.05. Finally the shares closed at $8.3. The 52-week high of the shares is $9.15 while the 52-week low is $2.27. According to the latest information available, the market cap of the company is $1,961 M.

HudBay Minerals Inc. (Hudbay) 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 in North and South America. Through its subsidiaries the Company owns copper/zinc/gold mines ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan and copper projects in Cusco (Peru) and Arizona (United States). The Company’s properties include 777 Mine Lalor Mine Reed Mine. The Company also owns 100% interests of Constancia project in Peru and Rosemont project is a copper project located in Pima County Arizona.

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