Galibier Capital Management Ltd. Has $18.38 Million Holdings in HudBay Minerals Inc (NYSE:HBM)

Galibier Capital Management Ltd. cut its holdings in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,424,596 shares of the mining company's stock after selling 188,836 shares during the quarter. HudBay Minerals makes up about 5.7% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 10th biggest position. Galibier Capital Management Ltd. owned about 0.61% of HudBay Minerals worth $18,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings 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 valued at $25,000 after acquiring an additional 3,062 shares during the period. Algert Global LLC bought a new stake in HudBay Minerals during the fourth quarter valued at about $86,000. Hsbc Holdings PLC bought a new stake in HudBay Minerals during the fourth quarter valued at about $97,000. Advisory Services Network LLC purchased a new position in shares of HudBay Minerals during the fourth quarter valued at about $101,000. Finally, Smith Moore & CO. grew its position in shares of HudBay Minerals by 28.4% during 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 in the last quarter. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Trading Down 3.0%

HBM traded down $0.32 on Friday, hitting $10.47. The company had a trading volume of 7,636,250 shares, compared to its average volume of 5,606,524. The company has a market cap of $4.14 billion, a PE ratio of 27.55, a PEG ratio of 0.29 and a beta of 1.63. HudBay Minerals Inc has a 12-month low of $5.95 and a 12-month 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. The business's fifty day simple moving average is $9.38 and its 200 day simple moving average is $8.39.

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 the consensus estimate of $0.10 by $0.14. The company had revenue of $594.90 million during 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%. The firm's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $0.22 earnings per share. Equities research analysts expect that HudBay Minerals Inc will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Raymond James Financial upgraded HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Wall Street Zen upgraded HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Veritas upgraded HudBay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Desjardins assumed coverage on HudBay Minerals in a research report on Friday, April 4th. They set a "buy" rating for the company. Finally, Scotiabank restated an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th. Four analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, HudBay Minerals currently has an average rating of "Buy".

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.