Hudbay Minerals (TSE:HBM) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Shares of Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$34.60 and traded as high as C$38.77. Hudbay Minerals shares last traded at C$38.35, with a volume of 1,103,890 shares traded.

Analyst Upgrades and Downgrades

HBM has been the subject of several research reports. Stifel Nicolaus raised their price target on shares of Hudbay Minerals from C$41.00 to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Barclays increased their price target on shares of Hudbay Minerals from C$41.00 to C$45.00 in a research note on Thursday, July 16th. Jefferies Financial Group cut their price objective on Hudbay Minerals from C$57.00 to C$50.00 in a research report on Monday, July 6th. Raymond James Financial raised their price target on Hudbay Minerals from C$42.00 to C$43.00 in a report on Wednesday. Finally, Scotiabank reduced their price objective on shares of Hudbay Minerals from C$44.00 to C$43.00 and set a “sector outperform” rating for the company in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$42.03.

Hudbay Minerals Stock Down 2.1%

The company has a current ratio of 2.24, a quick ratio of 0.85 and a debt-to-equity ratio of 19.04. The firm has a 50-day simple moving average of C$37.12 and a two-hundred day simple moving average of C$34.66. The stock has a market cap of C$16.55 billion, a P/E ratio of 22.89, a PEG ratio of 3.97 and a beta of 2.31.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last posted its quarterly earnings data on Wednesday, July 29th. The mining company reported C$0.40 earnings per share (EPS) for the quarter. Hudbay Minerals had a net margin of 27.22% and a return on equity of 18.41%. The firm had revenue of C$896.94 million during the quarter. Equities research analysts expect that Hudbay Minerals Inc. will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were issued a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $0.04 annualized dividend and a yield of 0.1%. Hudbay Minerals’s payout ratio is currently 1.32%.

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.