Insider Selling: Hudbay Minerals Inc. (TSE:HBM) Senior Officer Sells 12,959 Shares of Stock

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

Hudbay Minerals Stock Performance

HBM traded up C$0.18 during midday trading on Monday, reaching C$11.85. The company had a trading volume of 1,498,624 shares, compared to its average volume of 1,878,714. The business has a 50-day moving average of C$11.67 and a two-hundred day moving average of C$11.91. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. Hudbay Minerals Inc. has a 1 year low of C$9.08 and a 1 year high of C$14.33. The company has a market cap of C$3.29 billion, a P/E ratio of 33.37, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were issued a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is currently 5.63%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HBM. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares lowered their target price on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a report on Thursday, February 20th. Scotiabank lowered their price target on shares of Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. TD Securities cut their price objective on shares of 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. Finally, Stifel Nicolaus lifted their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Thursday, January 30th. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price 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.