Hudbay Minerals (TSE:HBM) Share Price Crosses Above 200 Day Moving Average of $9.58

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.58 and traded as high as C$12.66. Hudbay Minerals shares last traded at C$12.32, with a volume of 813,152 shares.

Analyst Ratings Changes

Several brokerages have commented on HBM. Haywood Securities raised their price objective on Hudbay Minerals from C$13.00 to C$16.00 in a report on Thursday, May 16th. Eight Capital boosted their price target on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a report on Monday, April 22nd. National Bank Financial upgraded Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. National Bankshares boosted their price target on Hudbay Minerals from C$15.50 to C$16.50 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, Cormark raised their price objective on Hudbay Minerals from C$13.50 to C$15.00 and gave the company a “buy” rating in a report on Monday, May 27th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$14.42.

Hudbay Minerals Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.85 and a debt-to-equity ratio of 62.72. The firm’s fifty day moving average price is C$12.37 and its 200-day moving average price is C$9.62. The firm has a market cap of C$4.87 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Tuesday, May 14th. The mining company reported C$0.22 EPS for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.18. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. The business had revenue of C$707.76 million for the quarter, compared to analysts’ expectations of C$635.57 million. Analysts expect that Hudbay Minerals Inc. will post 0.7249725 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Peter Adamek sold 5,874 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. In other news, Senior Officer Peter Adamek sold 5,874 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of C$13.00, for a total transaction of C$76,362.00. Also, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$10.23, for a total transaction of C$272,496.23. 0.08% of the stock is currently owned by corporate insiders.

Hudbay Minerals Company Profile

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.