Hudbay Minerals (TSE:HBM) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Technical breakout: Hudbay Minerals crossed above its 200-day moving average (C$27.99), trading as high as C$35.13 and last at C$34.19 on volume of about 1.77M shares, indicating upward momentum.
• Analyst sentiment: The consensus rating is "Buy" with an average target of C$37.90 after multiple firms raised price targets (e.g., CIBC to C$42, Stifel to C$41, Desjardins C$40).
• Financials and shareholder activity: Market cap is roughly C$13.6B, the company reported C$0.30 EPS on C$1.5B revenue with a 25.8% net margin, pays a ~3.0% dividend yield, and an insider recently bought shares.

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$27.99 and traded as high as C$35.13. Hudbay Minerals shares last traded at C$34.19, with a volume of 1,766,003 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on HBM shares. Canadian Imperial Bank of Commerce boosted their price target on shares of Hudbay Minerals from C$35.00 to C$42.00 in a research note on Wednesday, February 4th. Desjardins set a C$40.00 price target on shares of Hudbay Minerals and gave the company a "buy" rating in a research note on Thursday, March 5th. Citigroup boosted their price target on shares of Hudbay Minerals from C$23.00 to C$32.50 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Stifel Nicolaus boosted their price target on shares of Hudbay Minerals from C$28.00 to C$41.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Finally, National Bank Financial lowered shares of Hudbay Minerals from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from C$28.00 to C$40.00 in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$37.90.

Hudbay Minerals Price Performance

The business's 50-day moving average price is C$31.92 and its 200 day moving average price is C$27.99. The company has a market capitalization of C$13.57 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 3.97 and a beta of 2.28. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 33.86.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last announced its earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. The business had revenue of C$1.50 billion for the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. Analysts anticipate that Hudbay Minerals Inc. will post 1.1220575 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 27th were issued a $0.01 dividend. The ex-dividend date was Tuesday, March 10th. This represents a dividend yield of 3.0%. Hudbay Minerals's dividend payout ratio (DPR) is currently 0.99%.

Insiders Place Their Bets

In related news, insider Eugene Chi-Yen Lei purchased 1,000 shares of the business's stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the acquisition, the insider directly owned 195,847 shares in the company, valued at approximately C$5,258,491.95. The trade was a 0.51% increase in their position. 0.07% of the stock is currently owned by company insiders.

About Hudbay Minerals

Hudbay TSX, NYSE: HBM is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay's operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.

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