Hudbay Minerals (TSE:HBM) Share Price Crosses Above Two Hundred Day Moving Average of $5.91

Hudbay Minerals Inc. (TSE:HBMGet Rating) (NYSE:HBM) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.91 and traded as high as C$7.42. Hudbay Minerals shares last traded at C$7.37, with a volume of 1,753,392 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HBM shares. National Bank Financial downgraded Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 18th. CIBC reduced their target price on shares of Hudbay Minerals from C$12.00 to C$10.00 in a report on Wednesday, July 20th. TD Securities lowered their price target on shares of Hudbay Minerals from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Eight Capital reduced their price objective on shares of Hudbay Minerals from C$11.00 to C$10.00 in a research note on Wednesday, October 26th. Finally, Stifel Nicolaus lowered their target price on Hudbay Minerals from C$16.50 to C$12.00 in a research report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Hudbay Minerals presently has an average rating of “Moderate Buy” and an average price target of C$8.77.

Hudbay Minerals Stock Up 1.4 %

The stock has a 50-day moving average of C$5.72 and a 200-day moving average of C$5.91. The company has a debt-to-equity ratio of 79.51, a current ratio of 1.24 and a quick ratio of 0.85. The firm has a market cap of C$1.93 billion and a price-to-earnings ratio of 18.90.

Hudbay Minerals Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 23rd were given a dividend of $0.01 per share. The ex-dividend date was Thursday, September 1st. This represents a dividend yield of 0.17%. Hudbay Minerals’s dividend payout ratio is 3.97%.

Hudbay Minerals Company Profile

(Get Rating)

Hudbay Minerals Inc, a diversified 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; silver/gold doré; molybdenum concentrates; and zinc metals.

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