Insider Selling: Hudbay Minerals Inc. (TSE:HBM) Senior Officer Sells C$106,105.36 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) Senior Officer Robert Alan Carter sold 8,014 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$13.24, for a total transaction of C$106,105.36.

Hudbay Minerals Stock Performance

HBM stock opened at C$12.34 on Monday. The firm has a market cap of C$4.86 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The stock has a 50-day moving average price of C$12.70 and a 200-day moving average price of C$11.94. Hudbay Minerals Inc. has a 1-year low of C$6.72 and a 1-year high of C$14.33.

Analysts Set New Price Targets

Several brokerages recently commented on HBM. National Bankshares increased their price objective on shares of Hudbay Minerals from C$15.50 to C$16.75 and gave the company an “outperform” rating in a research note on Tuesday, October 15th. Scotiabank raised their price objective on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Royal Bank of Canada lowered their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a research note on Friday, October 4th. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$15.54.

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.