Hudbay Minerals (TSE:HBM) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.85 and traded as high as C$12.03. Hudbay Minerals shares last traded at C$11.87, with a volume of 246,869 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. National Bankshares lifted their price target on Hudbay Minerals from C$15.50 to C$16.75 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Scotiabank boosted 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 dropped their target price on Hudbay Minerals from C$18.00 to C$16.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price target on Hudbay Minerals from C$14.00 to C$15.00 in a report on Friday, October 4th. Twelve research 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.com, the stock currently has an average rating of “Buy” and an average target price of C$15.54.

Hudbay Minerals Stock Down 0.7 %

The stock has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 32.08, a P/E/G ratio of 3.97 and a beta of 1.83. The business has a 50-day moving average of C$12.56 and a 200-day moving average of C$11.85. The company has a debt-to-equity ratio of 49.37, a quick ratio of 0.85 and a current ratio of 1.87.

Insider Buying and Selling

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals 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 value of C$106,105.36. 0.07% of the stock is currently owned by corporate insiders.

About Hudbay Minerals

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.