Hudbay Minerals (TSE:HBM) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.81 and traded as high as C$13.12. Hudbay Minerals shares last traded at C$12.84, with a volume of 1,473,616 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HBM. National Bankshares boosted their price objective on Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Stifel Nicolaus lifted their target price 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. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$15.57.

Hudbay Minerals Trading Up 4.0 %

The company has a market capitalization of C$5.25 billion, a PE ratio of 36.08, a PEG ratio of 3.97 and a beta of 1.83. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87. The stock has a fifty day moving average of C$12.32 and a 200 day moving average of C$11.82.

Insider Activity at Hudbay Minerals

In other Hudbay Minerals news, Senior Officer Robert Alan Carter sold 8,014 shares of the business’s 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.

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.