Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) Director Carin Shirley Knickel purchased 15,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were purchased at an average price of C$5.05 per share, for a total transaction of C$75,750.00.

HBM stock opened at C$6.44 on Wednesday. Hudbay Minerals Inc has a 52 week low of C$5.44 and a 52 week high of C$12.65.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its quarterly earnings data on Tuesday, July 31st. The mining company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.05). The company had revenue of C$479.19 million for the quarter, compared to analysts’ expectations of C$497.94 million. Hudbay Minerals had a return on equity of 19.07% and a net margin of 24.07%.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a dividend of $0.01 per share. This represents a yield of 0.16%. The ex-dividend date is Thursday, September 6th.

A number of research analysts have recently issued reports on HBM shares. CIBC dropped their price target on shares of Hudbay Minerals from C$12.00 to C$10.00 in a research note on Friday, August 31st. National Bank Financial dropped their price target on shares of Hudbay Minerals from C$9.50 to C$9.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 2nd. CSFB dropped their price target on shares of Hudbay Minerals from C$13.00 to C$10.50 and set a “c$6.86” rating on the stock in a research note on Thursday, July 19th. Royal Bank of Canada dropped their price target on shares of Hudbay Minerals from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a research note on Monday, August 13th. Finally, Eight Capital dropped their price target on shares of Hudbay Minerals from C$13.00 to C$10.00 and set a “c$6.79” rating on the stock in a research note on Monday, July 23rd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$11.00.

About Hudbay Minerals

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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