Hudbay Minerals Inc. (TSE:HBM) Senior Officer Acquires C$16,950.00 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Eugene Chi-Yen Lei acquired 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average cost of C$11.30 per share, for a total transaction of C$16,950.00.

Hudbay Minerals Price Performance

Shares of TSE HBM opened at C$10.99 on Monday. The firm has a market cap of C$3.05 billion, a P/E ratio of 30.95, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a 52 week low of C$9.08 and a 52 week high of C$14.33. The business’s 50 day moving average price is C$11.58 and its 200 day moving average price is C$11.95. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.1%. Hudbay Minerals’s payout ratio is currently 5.63%.

Analyst Ratings Changes

Several research firms have commented on HBM. TD Securities decreased their price target on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. Royal Bank of Canada increased their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. Finally, National Bankshares dropped their target price on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$15.15.

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.