Gmt Capital Corp Acquires 17,000 Shares of Hudbay Minerals Inc (HBM) Stock

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Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) insider Gmt Capital Corp purchased 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were acquired at an average price of C$5.42 per share, for a total transaction of C$92,140.00.

Gmt Capital Corp also recently made the following trade(s):

  • On Thursday, November 1st, Gmt Capital Corp bought 24,400 shares of Hudbay Minerals stock. The stock was purchased at an average price of C$4.63 per share, for a total transaction of C$112,972.00.
  • On Friday, October 12th, Gmt Capital Corp acquired 2,400 shares of Hudbay Minerals stock. The shares were bought at an average price of C$4.69 per share, for a total transaction of C$11,256.00.
  • On Tuesday, October 9th, Gmt Capital Corp acquired 14,800 shares of Hudbay Minerals stock. The shares were bought at an average price of C$4.72 per share, for a total transaction of C$69,856.00.
  • On Monday, October 1st, Gmt Capital Corp sold 3,200 shares of Hudbay Minerals stock. The stock was sold at an average price of C$5.13, for a total value of C$16,416.00.

Hudbay Minerals stock opened at C$6.99 on Thursday. The company has a debt-to-equity ratio of 48.06, a quick ratio of 1.93 and a current ratio of 2.44. Hudbay Minerals Inc has a twelve month low of C$4.51 and a twelve month high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings results on Wednesday, October 31st. The mining company reported C$0.11 earnings per share for the quarter, topping the consensus estimate of C$0.02 by C$0.09. The company had revenue of C$473.95 million during the quarter, compared to analysts’ expectations of C$417.30 million. On average, analysts anticipate that Hudbay Minerals Inc will post 0.360995874588938 earnings per share for the current year.

A number of equities analysts have recently issued reports on HBM shares. CIBC cut their price objective on Hudbay Minerals from C$10.00 to C$9.00 in a report on Monday, November 5th. Royal Bank of Canada lowered their price target on Hudbay Minerals from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research report on Monday, August 13th. Raymond James reissued an “outperform” rating and issued a C$9.00 target price on shares of Hudbay Minerals in a research report on Friday, November 2nd. Finally, CSFB reissued a “neutral” rating and issued a C$8.50 target price on shares of Hudbay Minerals in a research report on Monday, September 10th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$10.80.

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Hudbay Minerals Company Profile

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.

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