Insider Selling: Hudbay Minerals Inc. (TSE:HBM) Senior Officer Sells 12,959 Shares of Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of C$12.00, for a total transaction of C$155,508.00.

Hudbay Minerals Price Performance

Shares of HBM opened at C$11.48 on Thursday. The firm has a market capitalization of C$3.18 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 3.97 and a beta of 1.83. The firm’s fifty day simple moving average is C$11.63 and its 200-day simple moving average is C$11.94. Hudbay Minerals Inc. has a twelve month low of C$9.08 and a twelve month high of C$14.33. The company has a current ratio of 1.86, a quick ratio of 0.85 and a debt-to-equity ratio of 46.39.

Hudbay Minerals Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were issued a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Tuesday, March 4th. Hudbay Minerals’s dividend payout ratio (DPR) is 5.63%.

Analyst Ratings Changes

A number of brokerages have weighed in on HBM. Royal Bank of Canada lifted their price target on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, March 13th. National Bankshares dropped their target price on shares of Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a report on Thursday, February 20th. Canaccord Genuity Group decreased their price target on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus boosted their price objective 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. Thirteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of C$15.18.

About Hudbay Minerals

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.