Hudbay Minerals (TSE:HBM) Sets New 52-Week Low - Should You Sell?

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM shares hit a new 52-week low on Friday . The stock traded as low as C$8.59 and last traded at C$8.84, with a volume of 1861139 shares trading hands. The stock had previously closed at C$10.01.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HBM shares. Royal Bank of Canada increased their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an "outperform" rating in a research note on Thursday, March 13th. National Bankshares set a C$15.50 price objective on shares of Hudbay Minerals and gave the company an "outperform" rating in a report on Wednesday, April 2nd. Jefferies Financial Group upped their price objective on shares of Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. Raymond James raised their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday, April 4th. Finally, Desjardins raised shares of Hudbay Minerals to a "moderate buy" rating in a research note on Thursday, April 3rd. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$15.48.

Hudbay Minerals Price Performance

The stock has a 50-day moving average of C$11.10 and a two-hundred day moving average of C$11.93. 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 cap of C$2.71 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Announces Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were given a $0.01 dividend. This represents a yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's payout ratio is currently 5.63%.

Insider Transactions at Hudbay Minerals

In other Hudbay Minerals news, Director Peter Gerald Jan Kukielski bought 9,300 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of C$10.76 per share, with a total value of C$100,068.00. Also, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00. Insiders have acquired a total of 11,800 shares of company stock worth $127,418 in the last 90 days. 0.07% of the stock is owned by 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.