Hudbay Minerals (HBM) Stock Price Down 4.8%

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) shares were down 4.8% on Wednesday . The stock traded as low as C$10.15 and last traded at C$10.15. Approximately 1,686,438 shares changed hands during trading, an increase of 0% from the average daily volume of 1,678,092 shares. The stock had previously closed at C$10.66.

Several research analysts have recently weighed in on HBM shares. CIBC boosted their price target on shares of Hudbay Minerals from C$13.00 to C$14.00 in a research report on Friday, November 3rd. National Bank Financial cut shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from C$11.25 to C$13.00 in a research report on Wednesday, October 18th. Scotiabank reissued a “focus stock” rating and set a C$12.50 price target on shares of Hudbay Minerals in a research report on Thursday, November 2nd. BMO Capital Markets boosted their price target on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research report on Tuesday, January 23rd. Finally, Eight Capital boosted their price target on shares of Hudbay Minerals from C$13.25 to C$13.75 in a research report on Friday, January 19th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$12.53.

The company has a market capitalization of $2,530.00, a PE ratio of 108.00 and a beta of 2.55.

In other Hudbay Minerals news, insider Gmt Capital Corp sold 7,300 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$9.45, for a total value of C$68,985.00. Insiders sold 44,200 shares of company stock worth $407,238 in the last ninety days.

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About Hudbay Minerals

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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