Gmt Capital Corp Buys 24,400 Shares of Hudbay Minerals Inc (HBM) Stock

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) insider Gmt Capital Corp purchased 24,400 shares of the stock in a transaction dated Thursday, November 1st. The shares were purchased at an average price of C$4.63 per share, with a total value of C$112,972.00.

Gmt Capital Corp also recently made the following trade(s):

  • On Friday, October 12th, Gmt Capital Corp purchased 2,400 shares of Hudbay Minerals stock. The shares were purchased at an average price of C$4.69 per share, with a total value of C$11,256.00.
  • On Tuesday, October 9th, Gmt Capital Corp bought 14,800 shares of Hudbay Minerals stock. The stock was bought at an average price of C$4.72 per share, with a total value of C$69,856.00.
  • On Monday, October 1st, Gmt Capital Corp sold 3,200 shares of Hudbay Minerals stock. The shares were sold at an average price of C$5.13, for a total transaction of C$16,416.00.
  • On Tuesday, August 7th, Gmt Capital Corp purchased 8,400 shares of Hudbay Minerals stock. The shares were acquired at an average cost of C$5.12 per share, for a total transaction of C$43,008.00.

HBM opened at C$6.62 on Thursday. Hudbay Minerals Inc has a 1-year low of C$4.51 and a 1-year high of C$12.65. The company has a debt-to-equity ratio of 48.75, a quick ratio of 1.67 and a current ratio of 2.15.

HBM has been the topic of several recent analyst reports. National Bank Financial cut their price target on shares of Hudbay Minerals from C$11.25 to C$9.50 in a report on Saturday, July 14th. CSFB lowered their price target on Hudbay Minerals from C$13.00 to C$10.50 and set a “c$6.86” rating on the stock in a report on Thursday, July 19th. Eight Capital lowered their price target on Hudbay Minerals from C$13.00 to C$10.00 and set a “c$6.79” rating on the stock in a report on Monday, July 23rd. Raymond James reduced their price objective on Hudbay Minerals from C$11.00 to C$10.00 in a research report on Thursday, August 2nd. Finally, CIBC reduced their price objective on Hudbay Minerals from C$14.00 to C$12.00 in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$10.80.

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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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