Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 37.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,772 shares of the mining company's stock after selling 78,835 shares during the quarter. BNP Paribas Financial Markets' holdings in Hudbay Minerals were worth $1,051,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HBM. Norges Bank purchased a new stake in shares of Hudbay Minerals during the fourth quarter worth $50,260,000. Dimensional Fund Advisors LP grew its holdings in shares of Hudbay Minerals by 86.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock worth $74,105,000 after buying an additional 4,253,400 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Hudbay Minerals during the fourth quarter worth $17,657,000. American Century Companies Inc. grew its holdings in shares of Hudbay Minerals by 102.4% during the fourth quarter. American Century Companies Inc. now owns 4,275,895 shares of the mining company's stock worth $34,684,000 after buying an additional 2,163,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Hudbay Minerals by 111.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,777,571 shares of the mining company's stock worth $30,602,000 after buying an additional 1,994,431 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company's stock.

Hudbay Minerals Trading Up 3.9%

Shares of HBM traded up $0.33 during mid-day trading on Monday, reaching $8.81. The stock had a trading volume of 5,754,774 shares, compared to its average volume of 4,876,566. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. Hudbay Minerals Inc. has a 52-week low of $5.95 and a 52-week high of $10.15. The business's fifty day moving average is $7.57 and its 200 day moving average is $8.10. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 48.95 and a beta of 1.56.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.14. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The firm had revenue of $594.90 million during the quarter, compared to analyst estimates of $537.36 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Hudbay Minerals's quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Wall Street Zen raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Thursday. Desjardins assumed coverage on shares of Hudbay Minerals in a report on Friday, April 4th. They issued a "buy" rating for the company. BMO Capital Markets assumed coverage on shares of Hudbay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Finally, Scotiabank reissued an "outperform" rating on shares of Hudbay Minerals in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals Company 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.