HudBay Minerals Inc (NYSE:HBM) Stock Holdings Cut by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. reduced its holdings in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 7.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,424,596 shares of the mining company's stock after selling 188,836 shares during the period. HudBay Minerals makes up 5.7% of Galibier Capital Management Ltd.'s holdings, making the stock its 10th largest position. Galibier Capital Management Ltd. owned approximately 0.61% of HudBay Minerals worth $18,379,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in HudBay Minerals by 9,877.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after buying an additional 3,062 shares in the last quarter. Algert Global LLC acquired a new position in shares of HudBay Minerals in the fourth quarter valued at about $86,000. Hsbc Holdings PLC acquired a new position in shares of HudBay Minerals in the fourth quarter valued at about $97,000. Advisory Services Network LLC acquired a new position in shares of HudBay Minerals in the fourth quarter valued at about $101,000. Finally, Smith Moore & CO. increased its holdings in shares of HudBay Minerals by 28.4% in the fourth quarter. Smith Moore & CO. now owns 13,716 shares of the mining company's stock valued at $111,000 after purchasing an additional 3,032 shares during the period. 57.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HBM shares. Raymond James Financial raised HudBay Minerals to a "moderate buy" rating in a report on Monday, June 30th. Veritas raised HudBay Minerals to a "strong-buy" rating in a report on Monday, July 7th. BMO Capital Markets started coverage on HudBay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 21st. Finally, Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. Four research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

HudBay Minerals Stock Performance

HudBay Minerals stock traded down $0.32 during midday trading on Friday, hitting $10.47. 7,636,250 shares of the company were exchanged, compared to its average volume of 5,606,524. The firm has a market capitalization of $4.14 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 0.29 and a beta of 1.63. HudBay Minerals Inc has a fifty-two week low of $5.95 and a fifty-two week high of $11.13. The business has a fifty day simple moving average of $9.38 and a two-hundred day simple moving average of $8.39. 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 posted its earnings results on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.10 by $0.14. The firm had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. HudBay Minerals's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.22 earnings per share. On average, sell-side analysts forecast that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

About HudBay Minerals

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.