Hudbay Minerals Inc (HBM) Insider Acquires C$69,856.00 in Stock

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) insider Gmt Capital Corp purchased 14,800 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were bought at an average price of C$4.72 per share, with a total value of C$69,856.00.

Gmt Capital Corp also recently made the following trade(s):

  • On Monday, October 1st, Gmt Capital Corp sold 3,200 shares of Hudbay Minerals stock. The shares were sold at an average price of C$5.13, for a total transaction of C$16,416.00.
  • On Tuesday, August 7th, Gmt Capital Corp bought 8,400 shares of Hudbay Minerals stock. The stock was acquired at an average price of C$5.12 per share, with a total value of C$43,008.00.
  • On Monday, July 23rd, Gmt Capital Corp bought 8,600 shares of Hudbay Minerals stock. The stock was acquired at an average price of C$5.18 per share, with a total value of C$44,548.00.

TSE:HBM opened at C$6.10 on Friday. Hudbay Minerals Inc has a 12 month low of C$5.44 and a 12 month high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Tuesday, July 31st. The mining company reported C$0.12 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.17 by C($0.05). Hudbay Minerals had a net margin of 24.07% and a return on equity of 19.07%. The firm had revenue of C$479.19 million during the quarter, compared to the consensus estimate of C$497.94 million.

The company also recently declared a Semi-Annual dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 7th were given a $0.01 dividend. This represents a dividend yield of 0.16%. The ex-dividend date of this dividend was Thursday, September 6th.

A number of analysts have issued reports on HBM shares. CIBC reduced their target price on shares of Hudbay Minerals from C$12.00 to C$10.00 in a research note on Friday, August 31st. CSFB reiterated a “neutral” rating and issued a C$8.50 target price on shares of Hudbay Minerals in a research note on Monday, September 10th. National Bank Financial reduced their target price on shares of Hudbay Minerals from C$9.50 to C$9.00 and set a “sector perform” rating for the company in a research note on Thursday, August 2nd. Royal Bank of Canada reduced their target price on shares of Hudbay Minerals from C$13.00 to C$11.00 and set an “outperform” rating for the company in a research note on Monday, August 13th. Finally, Eight Capital reduced their target price on shares of Hudbay Minerals from C$13.00 to C$10.00 and set a “c$6.79” rating for the company in a research note on Monday, July 23rd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$10.90.

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 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.

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

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