Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM Senior Officer Mark Zachary Gupta purchased 1,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of C$10.40 per share, for a total transaction of C$10,400.00.
Hudbay Minerals Stock Up 4.4 %
Shares of TSE:HBM opened at C$10.62 on Thursday. Hudbay Minerals Inc. has a 1 year low of C$7.50 and a 1 year high of C$14.33. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The business has a fifty day moving average price of C$12.13 and a two-hundred day moving average price of C$11.88. The company has a market capitalization of C$2.95 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HBM. Scotiabank cut their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus raised their target price on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a "buy" rating in a research note on Thursday, January 30th. Canaccord Genuity Group lowered their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$16.00 to C$15.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, TD Securities reduced their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Thirteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals has an average rating of "Buy" and a consensus price target of C$15.12.
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Hudbay Minerals Company Profile
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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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