Hudbay Minerals (TSE:HBM) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

Several research firms have commented on HBM. Jefferies Financial Group boosted their price objective on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. National Bankshares boosted their price target 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. Royal Bank of Canada decreased their price objective on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Scotiabank lifted their target price on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Stock Down 0.3 %

The company has a debt-to-equity ratio of 49.37, a current ratio of 1.87 and a quick ratio of 0.85. The company has a market capitalization of C$4.66 billion, a PE ratio of 31.97, a P/E/G ratio of 3.97 and a beta of 1.83. The business’s 50 day simple moving average is C$12.56 and its 200 day simple moving average is C$11.85.

Insider Activity

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of the 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. Corporate insiders own 0.07% of the company’s stock.

About Hudbay Minerals

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.