Insider Buying: Hudbay Minerals Inc. (TSE:HBM) Senior Officer Acquires 1,500 Shares of Stock

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

Hudbay Minerals Stock Performance

Hudbay Minerals stock traded down C$0.52 on Friday, hitting C$10.91. The company’s stock had a trading volume of 687,929 shares, compared to its average volume of 1,835,448. The company has a fifty day moving average price of C$11.61 and a 200-day moving average price of C$11.93. The firm has a market cap of C$3.03 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a one year low of C$9.08 and a one year high of C$14.33. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HBM shares. Scotiabank reduced their price objective on Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada increased their target price on 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. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Thursday, January 30th. National Bankshares decreased 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. Finally, Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Thirteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.