Hudbay Minerals (TSE:HBM) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Hudbay Minerals Inc. (TSE:HBM - Get Free Report) NYSE: HBM shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.78 and traded as high as C$12.90. Hudbay Minerals shares last traded at C$12.60, with a volume of 693,991 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HBM shares. Royal Bank of Canada decreased their price target on shares of 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. Eight Capital lifted their price target on Hudbay Minerals from C$14.50 to C$18.00 in a research note on Thursday, July 11th. Jefferies Financial Group raised their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Canaccord Genuity Group dropped their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, July 22nd. Finally, Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research note on Monday, July 22nd. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$15.54.

Hudbay Minerals Trading Up 2.1 %

The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The business has a 50-day simple moving average of C$11.69 and a 200-day simple moving average of C$11.79. The company has a market cap of C$5.06 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The company also recently announced a 1 dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, September 20th were issued a dividend of $0.02 per share. This represents a yield of 0.09%. The ex-dividend date was Friday, September 20th. Hudbay Minerals's dividend payout ratio (DPR) is 5.41%.

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.