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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$26.80 and traded as high as C$27.28. Hudbay Minerals shares last traded at C$27.01, with a volume of 2,742,221 shares traded.

Wall Street Analyst Weigh In

HBM has been the topic of several recent research reports. National Bank Financial downgraded Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$28.00 to C$40.00 in a report on Thursday, January 29th. Canadian Imperial Bank of Commerce increased their price target on Hudbay Minerals from C$35.00 to C$42.00 in a research note on Wednesday, February 4th. Jefferies Financial Group raised their price objective on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. Bank of America lifted their price objective on Hudbay Minerals from C$37.75 to C$44.50 in a research note on Thursday, February 26th. Finally, 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. Three research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$37.90.

Hudbay Minerals Trading Up 3.7%

The firm has a market cap of C$10.72 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 3.97 and a beta of 1.98. The company has a debt-to-equity ratio of 33.86, a current ratio of 0.95 and a quick ratio of 0.85. The firm’s fifty day moving average is C$32.68 and its 200-day moving average is C$26.80.

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

Hudbay Minerals Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 27th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, March 10th. This represents a dividend yield of 3.0%. Hudbay Minerals’s dividend payout ratio is presently 0.99%.

Hudbay Minerals Company Profile

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.