Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.59 and traded as high as C$13.33. Hudbay Minerals shares last traded at C$13.30, with a volume of 903,872 shares.
Analyst Upgrades and Downgrades
HBM has been the subject of several analyst reports. Jefferies Financial Group increased their target price on shares of Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. Raymond James Financial upped their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research report on Friday, April 4th. National Bankshares set a C$14.50 target price on shares of Hudbay Minerals and gave the stock an "outperform" rating in a research report on Tuesday. Royal Bank Of Canada boosted their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Desjardins upped their target price on Hudbay Minerals from C$16.00 to C$17.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Eight investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$16.05.
View Our Latest Analysis on HBM
Hudbay Minerals Stock Performance
The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The company has a market cap of C$4.01 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company's 50 day moving average price is C$11.88 and its 200-day moving average price is C$11.62.
Insider Activity
In related news, Senior Officer Mark Zachary Gupta sold 2,874 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of C$13.25, for a total transaction of C$38,080.50. Also, Director Gregory Paul Dryden sold 30,000 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of C$13.21, for a total value of C$396,204.00. Insiders have sold 34,074 shares of company stock valued at $447,953 in the last 90 days. Insiders own 0.07% of the company's stock.
Hudbay Minerals Company Profile
(
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.
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