Hudbay Minerals Inc. (TSE:HBM - Get Free Report) (NYSE:HBM) Senior Officer Eugene Chi-Yen Lei purchased 1,500 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average price of C$11.30 per share, for a total transaction of C$16,950.00.
Hudbay Minerals Stock Performance
Shares of Hudbay Minerals stock opened at C$10.99 on Friday. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39. The company has a market cap of C$3.05 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a 50 day moving average of C$11.58 and a 200-day moving average of C$11.93. Hudbay Minerals Inc. has a 1-year low of C$9.08 and a 1-year high of C$14.33.
Hudbay Minerals Announces Dividend
The firm also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were issued a $0.01 dividend. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals's dividend payout ratio is presently 5.63%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of 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. TD Securities cut their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Scotiabank decreased their target price on Hudbay Minerals from C$14.00 to C$13.50 and set an "outperform" rating on the stock in a research report on Friday. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Royal Bank of Canada upped their price objective on Hudbay Minerals from C$15.00 to C$16.00 and gave the company an "outperform" rating in a report on Thursday, March 13th. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of C$15.15.
Read Our Latest Report on HBM
About Hudbay Minerals
(
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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.
Further Reading
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