Hudbay Minerals (TSE:HBM) Stock Price Up 4.4% – Time to Buy?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) shares traded up 4.4% on Friday . The company traded as high as C$9.55 and last traded at C$9.51. 1,156,496 shares were traded during mid-day trading, a decline of 39% from the average session volume of 1,900,485 shares. The stock had previously closed at C$9.11.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HBM. Stifel Nicolaus raised their price objective on Hudbay Minerals from C$16.00 to C$16.50 and gave the company a “buy” rating in a research note on Thursday, January 30th. TD Securities dropped their price target on Hudbay Minerals from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Canaccord Genuity Group decreased their price objective on shares of Hudbay Minerals from C$15.50 to C$14.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada raised their target price on shares of Hudbay Minerals from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, March 13th. Finally, Scotiabank reduced their price target on shares of Hudbay Minerals from C$14.00 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, March 28th. Thirteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$15.71.

Hudbay Minerals Price Performance

The company has a 50-day moving average of C$11.04 and a two-hundred day moving average of C$11.92. The company has a debt-to-equity ratio of 46.39, a current ratio of 1.86 and a quick ratio of 0.85. The stock has a market capitalization of C$2.66 billion, a PE ratio of 26.98, a P/E/G ratio of 3.97 and a beta of 1.83.

Hudbay Minerals Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.1%. Hudbay Minerals’s payout ratio is currently 5.63%.

Insider Buying and Selling

In related news, Senior Officer Francisco Javier Del Rio Del Aguila sold 12,959 shares of Hudbay Minerals stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$12.00, for a total value of C$155,508.00. Also, Director Peter Gerald Jan Kukielski purchased 9,300 shares of the company’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of C$10.76 per share, with a total value of C$100,068.00. Over the last three months, insiders have purchased 11,800 shares of company stock valued at $127,418. Insiders own 0.07% of the company’s stock.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.