Hudbay Minerals (TSE:HBM) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$33.90 and traded as high as C$42.29. Hudbay Minerals shares last traded at C$41.02, with a volume of 2,505,701 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HBM shares. Scotiabank reduced their price target on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 30th. BMO Capital Markets dropped their price objective on shares of Hudbay Minerals from C$46.00 to C$44.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. ATB Cormark Capital Markets cut their price objective on Hudbay Minerals from C$35.50 to C$35.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. National Bank Financial reduced their target price on Hudbay Minerals from C$40.00 to C$38.50 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Finally, Stifel Nicolaus boosted their target price on Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus price target of C$40.91.

Hudbay Minerals Price Performance

The firm’s 50-day moving average is C$34.43 and its two-hundred day moving average is C$33.95. The company has a market cap of C$18.46 billion, a P/E ratio of 25.53, a PEG ratio of 3.97 and a beta of 2.31. The company has a debt-to-equity ratio of 19.04, a current ratio of 2.24 and a quick ratio of 0.85.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The company had revenue of C$896.94 million for the quarter. Analysts anticipate that Hudbay Minerals Inc. will post 1.1220575 earnings per share for the current year.

Hudbay Minerals Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 26th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Tuesday, June 9th. Hudbay Minerals’s dividend payout ratio is currently 1.32%.

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.