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

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) insider Eugene Chi-Yen Lei bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average cost of C$26.85 per share, with a total value of C$26,850.00. Following the completion of the purchase, the insider owned 195,847 shares of the company’s stock, valued at approximately C$5,258,491.95. The trade was a 0.51% increase in their ownership of the stock.

Hudbay Minerals Trading Down 1.8%

Shares of TSE:HBM opened at C$26.53 on Tuesday. The company has a debt-to-equity ratio of 33.86, a quick ratio of 0.85 and a current ratio of 0.95. The stock has a market capitalization of C$10.53 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 3.97 and a beta of 1.98. Hudbay Minerals Inc. has a 1-year low of C$8.49 and a 1-year high of C$38.94. The company has a 50 day moving average price of C$32.56 and a 200 day moving average price of C$26.97.

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

Hudbay Minerals Announces Dividend

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

Analyst Ratings Changes

HBM has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on Hudbay Minerals from C$31.00 to C$37.00 in a research report on Monday, January 19th. TD Securities boosted their price objective on Hudbay Minerals from C$17.00 to C$43.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Citigroup raised their target price on shares of Hudbay Minerals from C$23.00 to C$32.50 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Bank of America lifted their target price on shares of Hudbay Minerals from C$37.75 to C$44.50 in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group boosted their price target on shares of Hudbay Minerals from C$39.00 to C$41.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Three analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$37.90.

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.