Hudbay Minerals Inc (HBM) Director Alan Thomas Chalmers Hair Purchases 10,000 Shares of Stock

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) Director Alan Thomas Chalmers Hair acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The shares were bought at an average price of C$7.32 per share, with a total value of C$73,200.00.

Alan Thomas Chalmers Hair also recently made the following trade(s):

  • On Thursday, June 21st, Alan Thomas Chalmers Hair acquired 10,000 shares of Hudbay Minerals stock. The shares were bought at an average price of C$8.01 per share, with a total value of C$80,100.00.

HBM stock traded down C$0.21 during midday trading on Thursday, hitting C$7.14. The stock had a trading volume of 1,095,455 shares, compared to its average volume of 1,805,959. Hudbay Minerals Inc has a 12-month low of C$7.02 and a 12-month high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Wednesday, May 2nd. The mining company reported C$0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.26 by C($0.04). The firm had revenue of C$488.78 million during the quarter, compared to analysts’ expectations of C$515.34 million. Hudbay Minerals had a return on equity of 19.07% and a net margin of 24.07%.

Several research analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a C$13.00 price objective on shares of Hudbay Minerals in a research report on Monday, May 7th. National Bank Financial cut their price objective on Hudbay Minerals from C$11.75 to C$11.25 and set a “sector perform” rating for the company in a research report on Friday, May 4th. CIBC cut their price objective on Hudbay Minerals from C$15.00 to C$14.00 in a research report on Friday, May 4th. TD Securities cut their price objective on Hudbay Minerals from C$14.50 to C$13.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Finally, Scotiabank restated a “focus stock” rating and set a C$13.00 price objective on shares of Hudbay Minerals in a research report on Thursday, May 3rd. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$12.57.

About Hudbay Minerals

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.

Insider Buying and Selling by Quarter for Hudbay Minerals (TSE:HBM)

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