Eugene Chi-Yen Lei Purchases 1,500 Shares of Hudbay Minerals Inc. (TSE:HBM) Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Eugene Chi-Yen Lei purchased 1,500 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of C$11.30 per share, for a total transaction of C$16,950.00.

Hudbay Minerals Stock Performance

Shares of HBM opened at C$10.99 on Friday. The firm has a market capitalization of C$3.05 billion, a P/E ratio of 30.95, a P/E/G ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a 52 week low of C$9.08 and a 52 week high of C$14.33. The stock has a 50 day moving average price of C$11.58 and a two-hundred day moving average price of C$11.93. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86.

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 $0.01 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals’s payout ratio is currently 5.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HBM shares. Scotiabank cut their target price on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Friday. Royal Bank of Canada raised their price objective on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, March 13th. National Bankshares lowered their price objective on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday, February 20th. TD Securities cut their target price on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lifted their price target 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. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$15.15.

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.