Hudbay Minerals (TSE:HBM) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

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$11.89 and traded as high as C$13.07. Hudbay Minerals shares last traded at C$12.95, with a volume of 1,135,322 shares traded.

Analyst Ratings Changes

Separately, Stifel Nicolaus upped their target price on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Hudbay Minerals currently has a consensus rating of “Buy” and an average target price of C$15.57.

Hudbay Minerals Stock Up 0.9 %

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 has a market capitalization of C$3.59 billion, a PE ratio of 36.47, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The business’s 50-day moving average price is C$12.38 and its 200-day moving average price is C$11.89.

Insiders Place Their Bets

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. 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.