Hudbay Minerals Inc. (TSE:HBM) Senior Officer Sells C$38,080.50 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta sold 2,874 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total value of C$38,080.50.

Hudbay Minerals Price Performance

Shares of HBM stock traded up C$0.19 on Monday, reaching C$13.38. 902,312 shares of the company were exchanged, compared to its average volume of 1,739,447. Hudbay Minerals Inc. has a 1 year low of C$8.49 and a 1 year high of C$13.94. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The business has a 50-day moving average price of C$10.81 and a 200 day moving average price of C$11.53. The company has a market cap of C$3.71 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 3.97 and a beta of 1.83.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Desjardins raised their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Scotiabank raised their price target on shares of Hudbay Minerals from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. Raymond James increased their target price on shares of Hudbay Minerals from C$16.00 to C$17.00 in a research note on Friday, April 4th. Finally, Jefferies Financial Group raised their target price on Hudbay Minerals from C$14.00 to C$17.00 in a research report on Friday, April 4th. Nine equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$15.67.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.