Hudbay Minerals (TSE:HBM) Insider Purchases C$26,850.00 in Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) insider Eugene Chi-Yen Lei acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were bought at an average price of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the transaction, the insider owned 195,847 shares of the company’s stock, valued at approximately C$5,258,491.95. This trade represents a 0.51% increase in their ownership of the stock.

Hudbay Minerals Trading Down 2.6%

Shares of Hudbay Minerals stock traded down C$0.71 on Monday, reaching C$26.30. The company had a trading volume of 925,410 shares, compared to its average volume of 2,192,006. The firm has a market cap of C$10.44 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 3.97 and a beta of 1.98. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. The firm’s 50-day moving average price is C$32.68 and its two-hundred day moving average price is C$26.92. Hudbay Minerals Inc. has a 1 year low of C$8.49 and a 1 year high of C$38.94.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings results on Friday, February 20th. The mining company reported C$0.30 earnings per share for the quarter. The company had revenue of C$1.50 billion for the quarter. Hudbay Minerals had a return on equity of 19.30% and a net margin of 25.80%. As a group, research analysts predict that Hudbay Minerals Inc. will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a dividend yield of 3.0%. Hudbay Minerals’s dividend payout ratio is currently 0.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HBM shares. Desjardins set a C$40.00 price target on shares of Hudbay Minerals and gave the company a “buy” rating in a report on Thursday, March 5th. UBS Group set a C$34.50 price objective on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Friday, January 9th. ATB Cormark Capital Markets upped their target price on Hudbay Minerals from C$26.00 to C$37.50 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Bank of America increased their price target on Hudbay Minerals from C$37.75 to C$44.50 in a report on Thursday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on Hudbay Minerals from C$39.00 to C$41.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of C$37.90.

About Hudbay Minerals

Hudbay (TSX, NYSE: HBM) is a copper-focused critical minerals mining company with three long-life operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Hudbay’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Copper is the primary metal produced by the Company, which is complemented by meaningful gold production and by-product zinc, silver and molybdenum.