Hudbay Minerals (TSE:HBM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.89 and traded as high as C$13.07. Hudbay Minerals shares last traded at C$12.95, with a volume of 1,135,322 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price target on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th. Twelve 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$15.57.

Hudbay Minerals Stock Performance

The firm has a 50 day moving average price of C$12.33 and a 200-day moving average price of C$11.90. The stock has a market capitalization of C$3.05 billion, a PE ratio of 31.00, a PEG ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Insiders Place Their Bets

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36. 0.07% of the stock is owned by 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.