Hudbay Minerals (TSE:HBM) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Hudbay Minerals (TSE:HBM) shares recently surpassed their 200-day moving average of C$12.96, trading as high as C$19.26.
• Multiple analysts have raised their price targets on Hudbay Minerals, with a current consensus target price of C$17.25 and a consensus rating of "Buy."
• The company also announced a dividend yield of 6.0%, paying stockholders $0.01 per share on September 19th.

Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$12.96 and traded as high as C$19.26. Hudbay Minerals shares last traded at C$19.12, with a volume of 3,387,312 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on HBM shares. National Bankshares increased their price objective on Hudbay Minerals from C$16.50 to C$17.50 and gave the stock an "outperform" rating in a research report on Thursday, August 14th. Veritas upgraded Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Bank of America increased their target price on shares of Hudbay Minerals from C$16.00 to C$18.00 in a research note on Friday, August 29th. Raymond James Financial boosted their price target on Hudbay Minerals from C$17.00 to C$18.50 in a research note on Thursday, August 21st. Finally, Scotiabank boosted their price target on Hudbay Minerals from C$14.00 to C$15.50 in a research note on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$17.25.

Hudbay Minerals Stock Down 0.5%

The firm has a market cap of C$7.74 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 3.97 and a beta of 2.02. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm has a fifty day moving average of C$15.50 and a 200-day moving average of C$13.06.

Hudbay Minerals Dividend Announcement

The company also recently announced a half year 25 dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were issued a $0.01 dividend. This represents a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 2nd. Hudbay Minerals's dividend payout ratio (DPR) is currently 1.96%.

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.