Hudbay Minerals Inc. (TSE:HBM) Senior Officer Mark Zachary Gupta Sells 2,874 Shares

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM Senior Officer Mark Zachary Gupta sold 2,874 shares of Hudbay Minerals stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total value of C$38,080.50.

Hudbay Minerals Trading Up 1.5%

Shares of HBM traded up C$0.19 during trading hours on Thursday, hitting C$13.08. 1,071,705 shares of the stock were exchanged, compared to its average volume of 1,733,994. The business has a 50-day moving average of C$11.00 and a 200-day moving average of C$11.54. Hudbay Minerals Inc. has a fifty-two week low of C$8.49 and a fifty-two week high of C$13.94. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The firm has a market capitalization of C$3.63 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. TD Securities lowered their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Scotiabank increased their price objective on Hudbay Minerals from C$12.00 to C$12.50 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Raymond James boosted their price target on Hudbay Minerals from C$16.00 to C$17.00 in a research report on Friday, April 4th. Finally, BMO Capital Markets upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Nine equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$15.67.

About Hudbay Minerals

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.