Hudbay Minerals Inc. (TSE:HBM – Get Free Report) (NYSE:HBM)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.
Analyst Ratings Changes
Several brokerages have commented on HBM. TD Securities raised their price target on shares of Hudbay Minerals from C$14.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Jefferies Financial Group set a C$13.00 target price on Hudbay Minerals and gave the stock a “hold” rating in a research report on Friday, May 3rd. National Bank Financial raised Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 14th. Canaccord Genuity Group boosted their price objective on Hudbay Minerals from C$13.00 to C$16.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$12.50 to C$15.00 in a research report on Thursday, May 30th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$14.42.
Check Out Our Latest Research Report on HBM
Hudbay Minerals Trading Up 0.5 %
Hudbay Minerals (TSE:HBM – Get Free Report) (NYSE:HBM) last released its quarterly earnings results on Tuesday, May 14th. The mining company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.18. Hudbay Minerals had a return on equity of 4.36% and a net margin of 4.34%. The business had revenue of C$707.76 million during the quarter, compared to analyst estimates of C$635.57 million. As a group, equities research analysts expect that Hudbay Minerals Inc. will post 0.7249725 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of Hudbay Minerals stock in a transaction that occurred 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 other Hudbay Minerals news, Director Gregory Paul Dryden sold 26,625 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$10.23, for a total value of C$272,496.23. Also, Senior Officer Peter Adamek sold 5,874 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of C$13.00, for a total value of C$76,362.00. 0.08% of the stock is currently owned by insiders.
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.
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