Mark Zachary Gupta Buys 1,000 Shares of Hudbay Minerals Inc. (TSE:HBM) Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta purchased 1,000 shares of Hudbay Minerals stock in a transaction on Friday, February 21st. The shares were acquired at an average cost of C$10.40 per share, for a total transaction of C$10,400.00.

Hudbay Minerals Stock Down 1.5 %

Shares of Hudbay Minerals stock opened at C$10.17 on Wednesday. The business has a 50-day moving average price of C$12.14 and a 200 day moving average price of C$11.88. Hudbay Minerals Inc. has a fifty-two week low of C$7.37 and a fifty-two week high of C$14.33. The firm has a market cap of C$2.82 billion, a P/E ratio of 28.64, a P/E/G ratio of 3.97 and a beta of 1.83. The company has a quick ratio of 0.85, a current ratio of 1.86 and a debt-to-equity ratio of 46.39.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group reduced their target price on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. TD Securities dropped their price objective on shares of Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada decreased their target price on shares of Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. National Bankshares dropped their price target on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Stifel Nicolaus lifted their price target on shares of Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, January 30th. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$15.12.

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.