Easterly Investment Partners LLC Makes New Investment in HudBay Minerals Inc (NYSE:HBM)

Easterly Investment Partners LLC acquired a new position in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 206,414 shares of the mining company's stock, valued at approximately $1,567,000. Easterly Investment Partners LLC owned about 0.05% of HudBay Minerals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in HudBay Minerals by 9,877.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after purchasing an additional 3,062 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in HudBay Minerals by 64.6% during the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock worth $29,000 after purchasing an additional 1,481 shares in the last quarter. Algert Global LLC purchased a new stake in HudBay Minerals during the fourth quarter worth $86,000. Hsbc Holdings PLC purchased a new stake in HudBay Minerals during the fourth quarter worth $97,000. Finally, Advisory Services Network LLC purchased a new stake in HudBay Minerals during the fourth quarter worth $101,000. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Desjardins assumed coverage on HudBay Minerals in a research report on Friday, April 4th. They set a "buy" rating for the company. Raymond James Financial raised HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Wall Street Zen downgraded HudBay Minerals from a "strong-buy" rating to a "buy" rating in a research report on Friday. CIBC reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

HudBay Minerals Stock Performance

Shares of NYSE:HBM traded down $0.03 during trading on Friday, hitting $9.77. 6,575,812 shares of the company traded hands, compared to its average volume of 5,653,492. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 0.27 and a beta of 1.63. The business's fifty day moving average is $9.63 and its 200-day moving average is $8.46. HudBay Minerals Inc has a one year low of $5.95 and a one year high of $11.13. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.42.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.14. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. The business had revenue of $594.90 million during the quarter, compared to analyst estimates of $537.36 million. During the same period in the prior year, the company posted $0.22 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.

HudBay Minerals Profile

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.