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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Mark Zachary Gupta acquired 1,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of C$10.40 per share, with a total value of C$10,400.00.

Hudbay Minerals Trading Down 6.3 %

Shares of HBM stock opened at C$10.10 on Monday. Hudbay Minerals Inc. has a 1 year low of C$7.07 and a 1 year high of C$14.33. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock’s 50 day simple moving average is C$12.22 and its two-hundred day simple moving average is C$11.89. The company has a market cap of C$2.80 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. National Bankshares dropped their price objective on Hudbay Minerals from C$17.00 to C$15.50 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus upped their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Canaccord Genuity Group dropped their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada dropped their price objective on Hudbay Minerals from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Scotiabank dropped their price objective on Hudbay Minerals from C$15.50 to C$14.00 and set an “outperform” rating for the company in a research note on Thursday. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average target price of C$15.12.

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.