Shares of Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM traded down 14.4% on Wednesday . The stock traded as low as C$10.82 and last traded at C$10.87. 1,911,458 shares were traded during trading, an increase of 39% from the average session volume of 1,376,123 shares. The stock had previously closed at C$12.70.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on HBM shares. TD Securities dropped their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Thursday. National Bankshares dropped their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an "outperform" rating on the stock in a research report on Thursday. Stifel Nicolaus boosted their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Scotiabank decreased their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada decreased their target price on Hudbay Minerals from C$16.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Thursday. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$15.12.
Get Our Latest Report on HBM
Hudbay Minerals Stock Performance
The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The firm's 50-day moving average price is C$12.27 and its two-hundred day moving average price is C$11.89. The stock has a market cap of C$2.80 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 3.97 and a beta of 1.83.
Insider Buying and Selling at Hudbay Minerals
In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. 0.07% of the stock is currently owned by company insiders.
About Hudbay Minerals
(
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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.
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