Hudbay Minerals (TSE:HBM) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM's share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.86 and traded as high as C$13.66. Hudbay Minerals shares last traded at C$13.41, with a volume of 1,819,968 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James Financial upgraded shares of Hudbay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. National Bankshares upped their price target on shares of Hudbay Minerals from C$14.50 to C$16.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. BMO Capital Markets upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Scotiabank upped their price target on shares of Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Finally, TD Securities increased their target price on shares of Hudbay Minerals from C$13.00 to C$15.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Eight investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$16.05.

Hudbay Minerals Price Performance

The company's 50 day moving average price is C$13.22 and its 200-day moving average price is C$11.86. The stock has a market cap of C$3.72 billion, a P/E ratio of 37.76, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Insider Activity

In other Hudbay Minerals news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total value of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$13.21, for a total transaction of C$396,204.00. In the last ninety days, insiders sold 34,074 shares of company stock worth $447,953. Insiders own 0.07% of the company's stock.

Hudbay Minerals Company Profile

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.