Insider Buying: Hudbay Minerals Inc. (HBM) Insider Acquires 3,100 Shares of Stock

Hudbay Minerals Inc. (TSE:HBM) (NYSE:HBM) insider Gmt Capital Corp bought 3,100 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of C$7.21 per share, with a total value of C$22,351.00.

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

  • On Monday, November 20th, Gmt Capital Corp bought 6,700 shares of Hudbay Minerals stock. The stock was purchased at an average cost of C$7.68 per share, with a total value of C$51,456.00.
  • On Monday, September 18th, Gmt Capital Corp bought 5,900 shares of Hudbay Minerals stock. The stock was purchased at an average cost of C$7.60 per share, with a total value of C$44,840.00.
  • On Thursday, September 14th, Gmt Capital Corp bought 17,700 shares of Hudbay Minerals stock. The stock was purchased at an average cost of C$7.53 per share, with a total value of C$133,281.00.
  • On Friday, September 15th, Gmt Capital Corp bought 21,900 shares of Hudbay Minerals stock. The stock was purchased at an average cost of C$7.52 per share, with a total value of C$164,688.00.

Hudbay Minerals Inc. (TSE:HBM) traded down C$0.39 on Wednesday, hitting C$9.17. The stock had a trading volume of 1,945,339 shares, compared to its average volume of 1,978,002. Hudbay Minerals Inc. has a 12 month low of C$6.13 and a 12 month high of C$11.95.

A number of equities analysts have commented on the stock. Eight Capital reaffirmed a “buy” rating on shares of Hudbay Minerals in a research report on Thursday, August 17th. National Bank Financial cut shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$11.25 to C$13.00 in a research report on Wednesday, October 18th. CIBC reaffirmed an “outperform” rating and set a C$13.00 price objective on shares of Hudbay Minerals in a research report on Tuesday, October 10th. Barclays lifted their price objective on shares of Hudbay Minerals from C$10.00 to C$11.00 in a research report on Wednesday, August 9th. Finally, Scotiabank reaffirmed a “focus stock” rating and set a C$12.50 price objective on shares of Hudbay Minerals in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Hudbay Minerals currently has an average rating of “Buy” and an average price target of C$12.09.

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About Hudbay Minerals

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Insider Buying and Selling by Quarter for Hudbay Minerals (TSE:HBM)

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