Hudbay Minerals Inc. (TSE:HBM) Senior Officer Purchases C$10,400.00 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta purchased 1,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of C$10.40 per share, with a total value of C$10,400.00.

Hudbay Minerals Trading Down 1.5 %

Shares of HBM opened at C$10.17 on Wednesday. Hudbay Minerals Inc. has a twelve month low of C$7.37 and a twelve month high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 28.64, a PEG ratio of 3.97 and a beta of 1.83. The firm’s 50-day moving average is C$12.14 and its two-hundred day moving average is C$11.88.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. National Bankshares reduced their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Scotiabank reduced their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Canaccord Genuity Group lowered their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada cut their price objective on shares of Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Thirteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and an average target price of C$15.12.

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.