Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM's stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.85 and traded as high as C$12.03. Hudbay Minerals shares last traded at C$11.87, with a volume of 246,869 shares trading hands.
Analyst Upgrades and Downgrades
HBM has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Royal Bank of Canada cut their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. National Bankshares upped their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Finally, Scotiabank lifted their price target on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Twelve analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$15.54.
View Our Latest Stock Analysis on HBM
Hudbay Minerals Trading Down 0.3 %
The firm has a market cap of C$4.66 billion, a P/E ratio of 31.97, a PEG ratio of 3.97 and a beta of 1.83. The company's 50 day moving average is C$12.56 and its two-hundred day moving average is C$11.85. The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85.
Insiders Place Their Bets
In related news, Senior Officer Robert Alan Carter sold 8,014 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. Corporate insiders own 0.07% of the company's stock.
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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