Hudbay Minerals Inc. (TSE:HBM) Senior Officer Sells C$13,668.00 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Luis Alfonso Santivanez Silva sold 1,200 shares of Hudbay Minerals stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of C$11.39, for a total transaction of C$13,668.00.

Hudbay Minerals Price Performance

TSE:HBM opened at C$12.09 on Monday. The stock has a market cap of C$3.35 billion, a P/E ratio of 34.05, a PEG ratio of 3.97 and a beta of 1.83. Hudbay Minerals Inc. has a one year low of C$8.49 and a one year high of C$13.94. The company has a fifty day moving average price of C$10.59 and a 200 day moving average price of C$11.52. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85.

Hudbay Minerals Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were paid 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 payout ratio is currently 5.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on HBM shares. BMO Capital Markets raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Tuesday, April 15th. Desjardins upped their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank upped their price objective on shares of Hudbay Minerals from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Jefferies Financial Group upped their price objective on shares of Hudbay Minerals from C$14.00 to C$17.00 in a report on Friday, April 4th. Ten equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$15.54.

About Hudbay Minerals

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.