Insider Selling: Hudbay Minerals Inc. (TSE:HBM) Director Sells 30,000 Shares of Stock

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM Director Gregory Paul Dryden sold 30,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$13.21, for a total value of C$396,204.00.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock traded up C$0.19 on Thursday, hitting C$13.08. The company's stock had a trading volume of 1,071,705 shares, compared to its average volume of 1,733,994. The company has a market capitalization of C$3.63 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a 1 year low of C$8.49 and a 1 year high of C$13.94. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The firm has a fifty day moving average price of C$11.08 and a 200-day moving average price of C$11.55.

Analyst Ratings Changes

HBM has been the subject of a number of recent research reports. TD Securities reduced their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. BMO Capital Markets raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Desjardins boosted their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Scotiabank upped their price target on shares of Hudbay Minerals from C$12.00 to C$12.50 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group reduced their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$15.67.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.