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

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM 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.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada boosted their price target on Hudbay Minerals from C$16.00 to C$17.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Raymond James Financial raised Hudbay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. National Bankshares lifted their target price on Hudbay Minerals from C$14.50 to C$16.50 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Scotiabank lifted their target price on Hudbay Minerals from C$14.00 to C$15.50 in a research report on Monday, June 16th. Finally, Veritas raised Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Eight equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$16.05.

Hudbay Minerals Stock Performance

The company has a market cap of C$3.78 billion, a PE ratio of 38.33, a PEG ratio of 3.97 and a beta of 1.83. The business's 50-day moving average is C$13.22 and its 200 day moving average is C$11.86. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

Insider Activity

In related news, Director Gregory Paul Dryden sold 30,000 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of C$13.21, for a total transaction of C$396,204.00. Also, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$13.25, for a total transaction of C$38,080.50. Insiders have sold 34,074 shares of company stock worth $447,953 in the last quarter. 0.07% of the stock is owned by corporate insiders.

About Hudbay Minerals

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.