Hudbay Minerals (TSE:HBM) Stock Price Passes Above 200-Day Moving Average of $10.40

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.40 and traded as high as C$11.50. Hudbay Minerals shares last traded at C$10.83, with a volume of 1,625,920 shares.

Analyst Ratings Changes

HBM has been the subject of several analyst reports. National Bank Financial raised shares of Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 14th. Royal Bank of Canada increased their price target on shares of Hudbay Minerals from C$11.00 to C$17.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Scotiabank increased their price target on shares of Hudbay Minerals from C$15.00 to C$17.00 in a report on Thursday, May 30th. Finally, CIBC increased their target price on shares of Hudbay Minerals from C$14.50 to C$15.50 and gave the company an “outperform” rating in a report on Thursday, June 20th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$14.73.

Hudbay Minerals Price Performance

The company has a debt-to-equity ratio of 62.72, a quick ratio of 0.85 and a current ratio of 1.40. The firm has a market cap of C$4.03 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 3.97 and a beta of 1.96. The company’s fifty day moving average is C$12.21 and its two-hundred day moving average is C$10.42.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data 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 net margin of 4.34% and a return on equity of 4.36%. The firm had revenue of C$707.76 million for the quarter, compared to analyst estimates of C$635.57 million. Equities research analysts forecast that Hudbay Minerals Inc. will post 0.7249725 EPS for the current year.

Insiders Place Their Bets

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

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.