Free Trial

Hudbay Minerals (TSE:HBM) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Hudbay Minerals logo with Basic Materials background

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

(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.

Read More

Should You Invest $1,000 in Hudbay Minerals Right Now?

Before you consider Hudbay Minerals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudbay Minerals wasn't on the list.

While Hudbay Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines