Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM's stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.53 and traded as high as C$11.84. Hudbay Minerals shares last traded at C$11.73, with a volume of 1,018,704 shares traded.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Raymond James upped their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday, April 4th. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Stifel Nicolaus upped their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a research note on Thursday, January 30th. National Bankshares cut their target price on shares of Hudbay Minerals from C$15.50 to C$14.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Finally, Scotiabank upped their target price on shares of Hudbay Minerals from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Ten investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Hudbay Minerals currently has a consensus rating of "Buy" and an average target price of C$15.54.
View Our Latest Analysis on HBM
Hudbay Minerals Price Performance
The firm has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 34.95, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a fifty day moving average price of C$10.60 and a two-hundred day moving average price of C$11.52. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.
Hudbay Minerals Dividend Announcement
The company also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's payout ratio is currently 5.63%.
Insider Activity
In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total transaction of C$155,508.00. Corporate insiders own 0.07% of the company's stock.
About Hudbay Minerals
(
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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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