Hudbay Minerals (TSE:HBM) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Hudbay Minerals shares crossed above their 200-day moving average, reaching C$37.88 and last trading at C$36.99 versus the C$33.74 average.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and average price target of C$40.91, though some firms recently lowered their targets.
• The company reported quarterly EPS of C$0.40 on C$896.94 million in revenue, while its quarterly dividend remains modest at $0.01 per share, equivalent to a 0.1% yield.

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$33.74 and traded as high as C$37.88. Hudbay Minerals shares last traded at C$36.99, with a volume of 953,936 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HBM. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce lifted their target price on Hudbay Minerals from C$42.00 to C$46.00 in a report on Tuesday, April 21st. Jefferies Financial Group lowered their target price on Hudbay Minerals from C$57.00 to C$50.00 in a research note on Monday, July 6th. National Bank Financial cut their price target on Hudbay Minerals from C$40.00 to C$38.50 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Finally, ATB Cormark Capital Markets cut their price target on Hudbay Minerals from C$35.50 to C$35.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of C$40.91.

Hudbay Minerals Stock Up 0.4%

The company has a quick ratio of 0.85, a current ratio of 2.24 and a debt-to-equity ratio of 19.04. The firm has a market capitalization of C$16.43 billion, a PE ratio of 22.72, a PEG ratio of 3.97 and a beta of 2.31. The business's fifty day moving average price is C$34.17 and its 200 day moving average price is C$33.74.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 EPS for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The company had revenue of C$896.94 million during the quarter. On average, equities research analysts forecast that Hudbay Minerals Inc. will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 26th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals's dividend payout ratio (DPR) is 1.32%.

Hudbay Minerals Company Profile

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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