Mark Zachary Gupta Acquires 1,000 Shares of Hudbay Minerals Inc. (TSE:HBM) Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta purchased 1,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was bought at an average price of C$10.40 per share, with a total value of C$10,400.00.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$10.33 on Tuesday. The firm’s 50-day moving average is C$12.18 and its two-hundred day moving average is C$11.89. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock has a market capitalization of C$2.87 billion, a P/E ratio of 29.09, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a 12-month low of C$7.37 and a 12-month high of C$14.33.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Scotiabank lowered their target price on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada reduced their price objective on Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. National Bankshares lowered their target price on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their price target 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. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average target price of C$15.12.

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.