Shares of Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) traded up 10.2% during mid-day trading on Wednesday . The company traded as high as C$4.67 and last traded at C$4.65, 783,377 shares traded hands during mid-day trading. A decline of 36% from the average session volume of 1,221,065 shares. The stock had previously closed at C$4.22.
HBM has been the subject of several research analyst reports. CSFB cut their price objective on Hudbay Minerals from C$11.50 to C$8.75 in a report on Tuesday, August 6th. CIBC reduced their price objective on Hudbay Minerals from C$7.00 to C$5.00 in a research report on Friday, September 6th. Bank of America downgraded Hudbay Minerals from a “neutral” rating to an “underperform” rating and lowered their target price for the company from C$8.00 to C$4.00 in a report on Friday, August 16th. BMO Capital Markets dropped their target price on Hudbay Minerals from C$10.00 to C$8.50 in a research report on Thursday, September 26th. Finally, National Bank Financial dropped their target price on Hudbay Minerals from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$7.06.
The company has a debt-to-equity ratio of 57.25, a current ratio of 2.10 and a quick ratio of 1.57. The stock has a 50-day moving average price of C$4.67 and a two-hundred day moving average price of C$5.46. The stock has a market cap of $1.10 billion and a PE ratio of -3.49.
In other news, Senior Officer Eugene Chi-Yen Lei bought 5,000 shares of the stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of C$5.26 per share, for a total transaction of C$26,300.00. Following the transaction, the insider now owns 91,941 shares of the company’s stock, valued at C$483,609.66.
Hudbay Minerals Company Profile (TSE:HBM)
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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