Hudbay Minerals (TSE:HBM) Stock Price Up 3.3%

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM rose 3.3% on Wednesday . The company traded as high as C$10.82 and last traded at C$10.80. Approximately 244,374 shares were traded during trading, a decline of 79% from the average daily volume of 1,188,015 shares. The stock had previously closed at C$10.45.

Wall Street Analyst Weigh In

HBM has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Hudbay Minerals from C$8.50 to C$12.25 in a research note on Tuesday, April 9th. Raymond James lifted their target price on shares of Hudbay Minerals from C$9.00 to C$10.50 in a research note on Wednesday, March 20th. BMO Capital Markets lowered their target price on shares of Hudbay Minerals from C$9.50 to C$8.50 and set an "outperform" rating for the company in a research note on Friday, December 22nd. Scotiabank lifted their target price on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 6th. Finally, Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the stock a "buy" rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$10.32.

Hudbay Minerals Price Performance

The stock has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 3.97 and a beta of 1.96. The business's fifty day moving average price is C$8.78 and its 200-day moving average price is C$7.40. The company has a debt-to-equity ratio of 62.93, a current ratio of 1.25 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM - Get Free Report) NYSE: HBM last issued its quarterly earnings data on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.12. The firm had revenue of C$819.90 million during the quarter, compared to analysts' expectations of C$710.46 million. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. On average, research analysts forecast that Hudbay Minerals Inc. will post 0.681388 EPS for the current year.

Hudbay Minerals Dividend Announcement

The firm also recently disclosed a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.02 per share. This represents a dividend yield of 0.13%. The ex-dividend date was Friday, March 22nd. Hudbay Minerals's dividend payout ratio is currently 6.67%.

Insider Activity

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total transaction of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of C$6.01, for a total transaction of C$117,188.99. Corporate insiders own 0.07% of the company's stock.

About Hudbay Minerals

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.