Hudbay Minerals (HBM) Trading 6.6% Higher

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM)’s share price traded up 6.6% during trading on Wednesday . The stock traded as high as C$10.71 and last traded at C$10.67. 3,397,502 shares were traded during trading, an increase of 83% from the average session volume of 1,852,418 shares. The stock had previously closed at C$10.01.

Several equities analysts have recently commented on the stock. CSFB lowered their price objective on shares of Hudbay Minerals from C$12.00 to C$11.50 in a research note on Thursday, February 8th. BMO Capital Markets upped their price objective on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research note on Tuesday, January 23rd. CIBC upped their price objective on shares of Hudbay Minerals from C$14.00 to C$16.00 in a research note on Monday, January 22nd. Eight Capital upped their price objective on shares of Hudbay Minerals from C$13.25 to C$13.75 in a research note on Friday, January 19th. Finally, National Bank Financial reiterated a “sector perform” rating on shares of Hudbay Minerals in a research report on Wednesday, January 17th. Three 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 stock currently has a consensus rating of “Buy” and an average target price of C$12.53.

The stock has a market cap of $2,750.00, a PE ratio of 117.39 and a beta of 2.55.

In related news, insider Gmt Capital Corp purchased 6,700 shares of Hudbay Minerals stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$51,456.00. Insiders have sold 50,100 shares of company stock worth $452,432 in the last quarter.

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About Hudbay Minerals

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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