Hudbay Minerals Inc. (TSE:HBM) Senior Officer Francisco Javier Del Rio Del Aguila Sells 12,959 Shares

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00.

Hudbay Minerals Stock Up 1.8 %

Shares of TSE HBM opened at C$12.06 on Wednesday. Hudbay Minerals Inc. has a one year low of C$9.08 and a one year high of C$14.33. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 33.96, a PEG ratio of 3.97 and a beta of 1.83. The firm’s 50 day simple moving average is C$11.65 and its two-hundred day simple moving average is C$11.93. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a yield of 0.1%. Hudbay Minerals’s payout ratio is 5.63%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HBM. Scotiabank cut their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus lifted their price objective on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. TD Securities dropped their target price on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. National Bankshares decreased their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada raised their target price on Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, March 13th. Thirteen equities 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 MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$15.18.

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.