Hudbay Minerals Inc. (TSE:HBM) Senior Officer Eugene Chi-Yen Lei Acquires 2,400 Shares of Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Eugene Chi-Yen Lei bought 2,400 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average price of C$9.98 per share, for a total transaction of C$23,952.00.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at C$9.97 on Friday. The stock’s 50-day simple moving average is C$10.80 and its 200-day simple moving average is C$11.06. Hudbay Minerals Inc. has a 52 week low of C$5.46 and a 52 week high of C$14.33. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The company has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.97 and a beta of 1.82.

Hudbay Minerals Announces Dividend

The firm also recently disclosed a 1 dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, September 20th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a dividend yield of 0.09%. Hudbay Minerals’s payout ratio is currently 5.41%.

Analyst Upgrades and Downgrades

HBM has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on Hudbay Minerals from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. National Bankshares dropped their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Royal Bank of Canada lowered their price objective on shares of Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. 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$15.34.

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.