Insider Selling: Hudbay Minerals Inc. (TSE:HBM) Director Sells C$272,496.23 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total value of C$272,496.23.

Hudbay Minerals Trading Up 3.0 %

Shares of TSE:HBM opened at C$13.18 on Friday. Hudbay Minerals Inc. has a 52 week low of C$5.46 and a 52 week high of C$14.33. The company’s 50 day moving average is C$11.06 and its two-hundred day moving average is C$8.51. The company has a market cap of C$4.63 billion, a PE ratio of 45.45, a P/E/G ratio of 3.97 and a beta of 1.96. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its earnings results on Friday, February 23rd. The mining company reported C$0.27 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.12. The firm had revenue of C$819.90 million for the quarter, compared to analyst estimates of C$710.46 million. Hudbay Minerals had a return on equity of 3.68% and a net margin of 3.93%. Equities analysts predict that Hudbay Minerals Inc. will post 0.7897465 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The firm also recently announced a 1 dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, March 22nd were given a dividend of $0.02 per share. This represents a dividend yield of 0.13%. The ex-dividend date of this dividend was Friday, March 22nd. Hudbay Minerals’s dividend payout ratio (DPR) is presently 6.90%.

Wall Street Analyst Weigh In

HBM has been the subject of several research analyst reports. National Bankshares raised shares of Hudbay Minerals from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$12.00 to C$15.50 in a research note on Wednesday, May 15th. Eight Capital lifted their target price on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the company a “buy” rating in a report on Monday, April 22nd. Scotiabank boosted their target price on Hudbay Minerals from C$13.50 to C$14.50 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. TD Securities raised their price target on Hudbay Minerals from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Finally, Stifel Nicolaus set a C$11.25 price objective on Hudbay Minerals and gave the company a “buy” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals has an average rating of “Moderate Buy” and an average price target of C$13.90.

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.