Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM shares 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 changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. BMO Capital Markets raised Hudbay Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Stifel Nicolaus upped their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a report on Thursday, January 30th. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities lowered their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Desjardins increased their price target 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. Nine research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals has an average rating of "Buy" and an average target price of C$15.58.
Get Our Latest Analysis on Hudbay Minerals
Hudbay Minerals Price Performance
The stock has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 34.95, a PEG ratio of 3.97 and a beta of 1.83. 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 business has a fifty day moving average of C$10.61 and a 200 day moving average of C$11.52.
Hudbay Minerals Dividend Announcement
The company also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were given a $0.01 dividend. This represents a yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's payout ratio is 5.63%.
Insider Transactions at Hudbay Minerals
In other Hudbay Minerals news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total value of C$155,508.00. Company 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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