Eugene Chi-Yen Lei Acquires 1,000 Shares of Hudbay Minerals (TSE:HBM) Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) insider Eugene Chi-Yen Lei purchased 1,000 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was acquired at an average cost of C$26.85 per share, for a total transaction of C$26,850.00. Following the completion of the acquisition, the insider owned 195,847 shares in the company, valued at C$5,258,491.95. This represents a 0.51% increase in their position.

Hudbay Minerals Trading Up 9.8%

HBM stock opened at C$29.13 on Wednesday. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. Hudbay Minerals Inc. has a 1-year low of C$8.49 and a 1-year high of C$38.94. The business has a 50 day simple moving average of C$32.46 and a two-hundred day simple moving average of C$27.04. The company has a market capitalization of C$11.56 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 3.97 and a beta of 1.98.

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

Hudbay Minerals Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada boosted their price target on shares of Hudbay Minerals from C$28.00 to C$40.00 in a research note on Thursday, March 12th. Stifel Nicolaus raised their price objective on Hudbay Minerals from C$28.00 to C$41.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Scotiabank reduced their target price on Hudbay Minerals from C$37.00 to C$35.50 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Jefferies Financial Group boosted their target price on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Finally, Canaccord Genuity Group increased their price target on Hudbay Minerals from C$39.00 to C$41.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target 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.