Insider Buying: Hudbay Minerals Inc. (TSE:HBM) Senior Officer Purchases 1,000 Shares of Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta acquired 1,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average price of C$10.40 per share, with a total value of C$10,400.00.

Hudbay Minerals Trading Down 6.3 %

Hudbay Minerals stock traded down C$0.68 during mid-day trading on Friday, hitting C$10.10. The stock had a trading volume of 3,178,308 shares, compared to its average volume of 1,660,290. The stock has a 50-day simple moving average of C$12.22 and a two-hundred day simple moving average of C$11.89. The stock has a market capitalization of C$2.80 billion, a PE ratio of 28.44, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a 12 month low of C$7.07 and a 12 month high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HBM shares. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus increased their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday, January 30th. National Bankshares dropped their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank decreased their target price on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Royal Bank of Canada decreased their target price on Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a report on Thursday. Thirteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and a consensus price target of C$15.12.

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.