Insider Buying: Hudbay Minerals (TSE:HBM) Insider Purchases 1,000 Shares of Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) insider Eugene Chi-Yen Lei purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was acquired at an average cost of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the acquisition, the insider owned 195,847 shares in the company, valued at C$5,258,491.95. This represents a 0.51% increase in their position.

Hudbay Minerals Price Performance

HBM traded down C$0.71 during trading on Monday, reaching C$26.30. 925,410 shares of the company traded hands, compared to its average volume of 2,192,006. The company has a debt-to-equity ratio of 33.86, a quick ratio of 0.85 and a current ratio of 0.95. Hudbay Minerals Inc. has a 12-month low of C$8.49 and a 12-month high of C$38.94. The firm has a fifty day simple moving average of C$32.68 and a 200 day simple moving average of C$26.92. The company has a market cap of C$10.44 billion, a P/E ratio of 18.26, a PEG ratio of 3.97 and a beta of 1.98.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Friday, February 20th. The mining company reported C$0.30 EPS for the quarter. Hudbay Minerals had a net margin of 25.80% and a return on equity of 19.30%. The firm had revenue of C$1.50 billion for the quarter. On average, equities analysts forecast that Hudbay Minerals Inc. will post 1.1220575 EPS for the current year.

Hudbay Minerals Announces Dividend

The business also recently declared a dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 27th were paid a $0.01 dividend. The ex-dividend date was Tuesday, March 10th. This represents a yield of 3.0%. Hudbay Minerals’s payout ratio is presently 0.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group set a C$34.50 target price on Hudbay Minerals and gave the stock a “buy” rating in a report on Friday, January 9th. TD Securities raised their price target on Hudbay Minerals from C$17.00 to C$43.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Scotiabank reduced their price objective on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Royal Bank Of Canada upped their price objective on Hudbay Minerals from C$28.00 to C$40.00 in a report on Thursday, March 12th. Finally, Citigroup increased their target price on Hudbay Minerals from C$23.00 to C$32.50 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average price target of C$37.90.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.