Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM's share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$15.19 and last traded at C$14.85, with a volume of 1189802 shares. The stock had previously closed at C$14.45.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on HBM. Desjardins boosted their price objective on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Raymond James Financial raised Hudbay Minerals to a "moderate buy" rating in a research report on Monday. Scotiabank raised their price objective on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. TD Securities upped their target price on shares of Hudbay Minerals from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada increased their price target on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$16.05.
Check Out Our Latest Research Report on HBM
Hudbay Minerals Stock Down 1.9%
The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The business's fifty day moving average price is C$12.26 and its 200 day moving average price is C$11.65. The company has a market capitalization of C$4.05 billion, a P/E ratio of 41.11, a P/E/G ratio of 3.97 and a beta of 1.83.
Insider Activity
In other Hudbay Minerals news, Director Gregory Paul Dryden sold 30,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were 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 company's 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. Insiders sold 34,074 shares of company stock valued at $447,953 in the last three months. Company insiders own 0.07% of the company's stock.
Hudbay Minerals Company Profile
(
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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