Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) insider Waterton Global Resource Management, Inc. purchased 500,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of C$6.57 per share, with a total value of C$3,284,358.00. Following the completion of the transaction, the insider now directly owns 17,324,844 shares of the company’s stock, valued at C$113,801,979.98.
Shares of Hudbay Minerals stock opened at C$6.71 on Friday. The stock has a market capitalization of $1.76 billion and a price-to-earnings ratio of 57.35. Hudbay Minerals Inc has a fifty-two week low of C$4.51 and a fifty-two week high of C$10.42. The company has a quick ratio of 2.09, a current ratio of 2.64 and a debt-to-equity ratio of 49.18. The stock has a 50 day simple moving average of C$6.84.
Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Monday, May 6th. The mining company reported C$0.04 earnings per share for the quarter, topping the consensus estimate of C$0.01 by C$0.03. The business had revenue of C$388.58 million during the quarter, compared to analysts’ expectations of C$423.44 million. Equities research analysts predict that Hudbay Minerals Inc will post 0.32 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the company. CSFB dropped their price target on Hudbay Minerals from C$12.50 to C$11.50 in a research report on Tuesday, May 7th. Canaccord Genuity dropped their price target on Trevali Mining from C$0.75 to C$0.65 in a research report on Monday, April 15th. Eight Capital lowered Hudbay Minerals from a “buy” rating to a “neutral” rating and dropped their price target for the company from C$12.00 to C$11.00 in a research report on Tuesday, May 7th. BMO Capital Markets assumed coverage on Encompass Health in a research report on Thursday, June 27th. They issued an “outperform” rating and a $72.00 price target for the company. Finally, Royal Bank of Canada set a €86.00 ($100.00) price target on Henkel AG & Co KGaA and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Hudbay Minerals currently has a consensus rating of “Hold” and a consensus target price of C$10.28.
Hudbay Minerals Company Profile
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 three polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and copper projects in Arizona and Nevada, the United States.
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