Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) Director Alan Thomas Chalmers Hair acquired 10,000 shares of the company’s stock in a transaction dated Thursday, June 21st. The shares were bought at an average price of C$8.01 per share, for a total transaction of C$80,100.00.
TSE HBM traded up C$0.19 on Friday, reaching C$8.15. The stock had a trading volume of 1,174,841 shares, compared to its average volume of 1,796,339. Hudbay Minerals Inc has a 1-year low of C$6.73 and a 1-year high of C$12.65.
Get Hudbay Minerals alerts:Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its quarterly earnings data on Wednesday, May 2nd. The mining company reported C$0.22 EPS for the quarter, missing analysts’ consensus estimates of C$0.26 by C($0.04). Hudbay Minerals had a net margin of 24.07% and a return on equity of 19.07%. The firm had revenue of C$488.78 million during the quarter, compared to analyst estimates of C$515.34 million.
A number of research firms recently weighed in on HBM. Eight Capital decreased their target price on Hudbay Minerals from C$13.50 to C$13.00 in a report on Thursday, April 19th. CIBC decreased their target price on Hudbay Minerals from C$16.00 to C$15.00 in a report on Monday, April 2nd. BMO Capital Markets decreased their target price on Hudbay Minerals from C$12.00 to C$11.50 in a report on Monday, April 2nd. TD Securities decreased their target price on Hudbay Minerals from C$17.00 to C$15.00 and set an “action list buy” rating on the stock in a report on Monday, April 2nd. Finally, Canaccord Genuity raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$12.57.
Hudbay Minerals Company Profile
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
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