CenterBook Partners LP bought a new position in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 354,730 shares of the mining company's stock, valued at approximately $2,692,000. CenterBook Partners LP owned about 0.09% of HudBay Minerals at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in HudBay Minerals during the fourth quarter worth $183,000. Vanguard Group Inc. raised its position in HudBay Minerals by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company's stock worth $123,852,000 after acquiring an additional 255,191 shares in the last quarter. JPMorgan Chase & Co. raised its position in HudBay Minerals by 181.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,346,753 shares of the mining company's stock worth $10,909,000 after acquiring an additional 867,456 shares in the last quarter. Pictet Asset Management Holding SA raised its position in HudBay Minerals by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company's stock worth $538,000 after acquiring an additional 1,278 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in HudBay Minerals by 3.9% during the fourth quarter. Alliancebernstein L.P. now owns 72,730 shares of the mining company's stock worth $589,000 after acquiring an additional 2,740 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on HBM. CIBC reissued an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th. Raymond James Financial raised shares of HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. BMO Capital Markets began coverage on shares of HudBay Minerals in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Finally, Veritas raised shares of HudBay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, HudBay Minerals has an average rating of "Buy".
Check Out Our Latest Stock Analysis on HudBay Minerals
HudBay Minerals Stock Performance
NYSE:HBM traded up $0.26 during mid-day trading on Friday, reaching $9.64. 5,134,898 shares of the company's stock were exchanged, compared to its average volume of 6,618,831. HudBay Minerals Inc has a one year low of $5.95 and a one year high of $11.13. The firm has a market capitalization of $3.81 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 0.24 and a beta of 1.63. The business's fifty day simple moving average is $9.93 and its two-hundred day simple moving average is $8.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.92 and a current ratio of 2.32.
HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.14. HudBay Minerals had a net margin of 7.40% and a return on equity of 8.17%. The business had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. During the same period last year, the firm earned $0.22 earnings per share. HudBay Minerals's revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.
About HudBay Minerals
(
Free Report)
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
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