Hudbay Minerals (TSE:HBM) Share Price Passes Above Two Hundred Day Moving Average of $9.58

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.58 and traded as high as C$12.66. Hudbay Minerals shares last traded at C$12.32, with a volume of 813,152 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HBM shares. Raymond James boosted their price target on shares of Hudbay Minerals from C$11.50 to C$14.00 in a report on Wednesday, April 24th. National Bank Financial upgraded Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 14th. Haywood Securities boosted their price objective on Hudbay Minerals from C$13.00 to C$16.00 in a research note on Thursday, May 16th. Stifel Nicolaus raised their price objective on shares of Hudbay Minerals from C$12.50 to C$15.00 in a report on Thursday, May 30th. Finally, Eight Capital lifted their target price on Hudbay Minerals from C$12.00 to C$14.50 and gave the company a “buy” rating in a report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$14.42.

Hudbay Minerals Stock Performance

The business has a 50-day moving average of C$12.34 and a 200 day moving average of C$9.58. The company has a debt-to-equity ratio of 62.72, a current ratio of 1.40 and a quick ratio of 0.85. The company has a market cap of C$4.85 billion, a PE ratio of 37.33, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.04 by C$0.18. Hudbay Minerals had a net margin of 4.34% and a return on equity of 4.36%. The company had revenue of C$707.76 million for the quarter, compared to analysts’ expectations of C$635.57 million. Equities research analysts anticipate that Hudbay Minerals Inc. will post 0.7249725 EPS for the current fiscal year.

Insider Buying and Selling

In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. In related news, Director Gregory Paul Dryden sold 26,625 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total transaction of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total transaction of C$76,362.00. 0.08% of the stock is owned by corporate 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.