Hudbay Minerals (TSE:HBM) Share Price Passes Above 200-Day Moving Average – What’s Next?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.85 and traded as high as C$12.97. Hudbay Minerals shares last traded at C$12.92, with a volume of 764,850 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HBM. Jefferies Financial Group increased their price target on shares of Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Scotiabank increased their target price on shares of Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, National Bankshares lifted their target price on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Hudbay Minerals has a consensus rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Trading Up 3.9 %

The company has a quick ratio of 0.85, a current ratio of 1.87 and a debt-to-equity ratio of 49.37. The stock has a market cap of C$5.09 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 3.97 and a beta of 1.83. The company’s fifty day moving average is C$12.34 and its two-hundred day moving average is C$11.85.

Insider Transactions at Hudbay Minerals

In other news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of C$13.24, for a total transaction of C$106,105.36. Corporate insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

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.