Hudbay Minerals Inc. (HBM.TO) (TSE:HBM) (NYSE:HBM)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$9.56 and last traded at C$9.51, with a volume of 641932 shares. The stock had previously closed at C$9.43.
Several equities research analysts have recently commented on HBM shares. TD Securities upped their price objective on Hudbay Minerals Inc. (HBM.TO) from C$8.50 to C$12.00 in a research note on Wednesday, December 16th. Scotiabank increased their price target on Hudbay Minerals Inc. (HBM.TO) from C$7.25 to C$8.50 in a research note on Thursday, November 12th. Raymond James set a C$7.00 price target on Hudbay Minerals Inc. (HBM.TO) and gave the stock a “market perform” rating in a research note on Wednesday, November 4th. BMO Capital Markets increased their price target on Hudbay Minerals Inc. (HBM.TO) from C$10.00 to C$11.00 in a research note on Thursday, December 17th. Finally, CIBC reiterated an “outperform” rating and issued a C$10.75 price target on shares of Hudbay Minerals Inc. (HBM.TO) in a research note on Wednesday, December 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$8.88.
The company’s 50 day moving average is C$8.48 and its 200 day moving average is C$6.13. The company has a current ratio of 2.22, a quick ratio of 1.77 and a debt-to-equity ratio of 74.12. The stock has a market capitalization of C$2.49 billion and a price-to-earnings ratio of -16.00.
Hudbay Minerals Inc. (HBM.TO) (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Tuesday, November 3rd. The mining company reported C($0.13) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.16) by C$0.03. The company had revenue of C$421.23 million for the quarter, compared to analyst estimates of C$362.11 million. Analysts anticipate that Hudbay Minerals Inc. will post 0.12 EPS for the current fiscal year.
In related news, Director David Smith sold 6,000 shares of Hudbay Minerals Inc. (HBM.TO) stock in a transaction on Thursday, November 12th. The shares were sold at an average price of C$6.75, for a total transaction of C$40,500.00. Following the sale, the director now directly owns 8,000 shares in the company, valued at approximately C$54,000.
Hudbay Minerals Inc. (HBM.TO) Company Profile (TSE:HBM)
Hudbay Minerals Inc, a diversified 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; molybdenum concentrates; and zinc metals.
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