Hudbay Minerals (TSE:HBM) Stock Price Passes Above 200 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$11.85 and traded as high as C$12.97. Hudbay Minerals shares last traded at C$12.92, with a volume of 764,850 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HBM. National Bankshares raised their target price on shares of 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 lifted their price objective on Hudbay Minerals from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group increased their target price on Hudbay Minerals from C$14.00 to C$15.00 in a research report on Friday, October 4th. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$15.54.

Hudbay Minerals Trading Down 3.5 %

The company has a market cap of C$4.78 billion, a P/E ratio of 32.81, a PEG ratio of 3.97 and a beta of 1.83. The company has a current ratio of 1.87, a quick ratio of 0.85 and a debt-to-equity ratio of 49.37. The stock’s 50 day moving average is C$12.34 and its 200-day moving average is C$11.85.

Insider Activity at Hudbay Minerals

In related news, Senior Officer Robert Alan Carter sold 8,014 shares of Hudbay Minerals stock in a transaction on Tuesday, December 10th. The stock was 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 insiders.

Hudbay Minerals Company Profile

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.