Hudbay Minerals (HBM) Stock Price Up 3.2%

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM)’s share price rose 3.2% during mid-day trading on Thursday . The stock traded as high as C$11.24 and last traded at C$10.70. Approximately 1,651,420 shares traded hands during trading, a decline of 11% from the average daily volume of 1,856,972 shares. The stock had previously closed at C$10.37.

HBM has been the topic of several research analyst reports. CSFB reduced their price objective on Hudbay Minerals from C$12.00 to C$11.50 in a research note on Thursday, February 8th. CIBC raised their price objective on Hudbay Minerals from C$14.00 to C$16.00 in a research note on Monday, January 22nd. Scotiabank reduced their price objective on Hudbay Minerals from C$14.50 to C$14.00 and set a “focus stock” rating on the stock in a research note on Thursday. National Bank Financial restated a “sector perform” rating on shares of Hudbay Minerals in a research note on Wednesday, January 17th. Finally, Eight Capital raised their price objective on Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday, January 19th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$12.68.

The company has a market cap of $2,710.00, a PE ratio of 118.00 and a beta of 2.55.

In other Hudbay Minerals news, insider Gmt Capital Corp sold 29,200 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of C$9.29, for a total value of C$271,268.00. Insiders sold 59,400 shares of company stock worth $528,134 over the last ninety days.

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Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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