Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM shares hit a new 52-week high on Thursday . The stock traded as high as C$14.09 and last traded at C$13.88, with a volume of 498693 shares trading hands. The stock had previously closed at C$13.46.
Analyst Ratings Changes
Several brokerages have weighed in on HBM. Raymond James Financial boosted their price target on Hudbay Minerals from C$16.00 to C$17.00 in a report on Friday, April 4th. BMO Capital Markets upgraded Hudbay Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. National Bankshares set a C$14.50 price target on shares of Hudbay Minerals and gave the stock an "outperform" rating in a research report on Tuesday, June 24th. Jefferies Financial Group raised their price target on shares of Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Finally, Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Eight equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of "Buy" and an average target price of C$16.05.
Check Out Our Latest Research Report on Hudbay Minerals
Hudbay Minerals Stock Performance
The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The stock has a 50 day simple moving average of C$11.98 and a 200 day simple moving average of C$11.63. The company has a market capitalization of C$4.01 billion, a price-to-earnings ratio of 40.75, a P/E/G ratio of 3.97 and a beta of 1.83.
Insider Activity at Hudbay Minerals
In other news, Director Gregory Paul Dryden sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total transaction of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total value of C$38,080.50. Insiders sold 34,074 shares of company stock worth $447,953 in the last 90 days. 0.07% of the stock is currently owned by company insiders.
About Hudbay Minerals
(
Get Free Report)
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.
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