Hudbay Minerals Inc. (TSE:HBM) Senior Officer Mark Zachary Gupta Sells 2,874 Shares

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta sold 2,874 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of C$13.25, for a total transaction of C$38,080.50.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at C$13.38 on Tuesday. Hudbay Minerals Inc. has a 52 week low of C$8.49 and a 52 week high of C$13.94. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39. The firm’s 50-day simple moving average is C$10.86 and its 200 day simple moving average is C$11.54. The firm has a market capitalization of C$3.71 billion, a PE ratio of 37.68, a P/E/G ratio of 3.97 and a beta of 1.83.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Desjardins boosted their price objective on shares of Hudbay Minerals from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, May 22nd. BMO Capital Markets raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Tuesday, April 15th. TD Securities lowered their price target 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 Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Nine analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$15.67.

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.