Hudbay Minerals (TSE:HBM) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.06 and traded as high as C$27.07. Hudbay Minerals shares last traded at C$26.62, with a volume of 1,429,137 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. The Goldman Sachs Group raised Hudbay Minerals to a “buy” rating in a research note on Monday, September 8th. Stifel Nicolaus lifted their target price on shares of Hudbay Minerals from C$20.00 to C$28.00 in a research note on Tuesday, October 21st. Bank of America upped their target price on shares of Hudbay Minerals from C$22.50 to C$26.75 in a report on Thursday, October 16th. Royal Bank Of Canada raised their price target on shares of Hudbay Minerals from C$26.00 to C$28.00 in a research note on Wednesday, December 10th. Finally, BMO Capital Markets boosted their price target on shares of Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Three investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to MarketBeat.com, Hudbay Minerals has an average rating of “Buy” and an average target price of C$24.10.

Hudbay Minerals Stock Down 2.1%

The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The business has a 50 day simple moving average of C$23.62 and a 200-day simple moving average of C$19.06. The firm has a market capitalization of C$10.55 billion, a price-to-earnings ratio of 22.95, a P/E/G ratio of 3.97 and a beta of 2.07.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last announced its quarterly earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share for the quarter. Hudbay Minerals had a net margin of 4.23% and a return on equity of 3.74%. The firm had revenue of C$0.35 million for the quarter. On average, equities analysts expect that Hudbay Minerals Inc. will post 1.1220575 EPS for the current year.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.