Hudbay Minerals Inc. (TSE:HBM) Senior Officer Sells C$106,105.36 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total value of C$106,105.36.

Hudbay Minerals Stock Down 5.6 %

Shares of Hudbay Minerals stock traded down C$0.73 during midday trading on Friday, hitting C$12.28. The company’s stock had a trading volume of 959,669 shares, compared to its average volume of 1,553,081. The firm has a market capitalization of C$4.83 billion, a P/E ratio of 35.16, a PEG ratio of 3.97 and a beta of 1.83. The stock has a 50-day simple moving average of C$12.70 and a 200-day simple moving average of C$11.94. The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. Hudbay Minerals Inc. has a 1-year low of C$6.72 and a 1-year high of C$14.33.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HBM. Scotiabank lifted their price target on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Jefferies Financial Group lifted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. National Bankshares lifted their target price on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada decreased their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$15.54.

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.