Vontobel Holding Ltd. Has $1.30 Million Holdings in HudBay Minerals Inc (NYSE:HBM)

Vontobel Holding Ltd. trimmed its stake in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,600 shares of the mining company's stock after selling 29,007 shares during the quarter. Vontobel Holding Ltd.'s holdings in HudBay Minerals were worth $1,301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HBM. Waterfront Wealth Inc. acquired a new position in HudBay Minerals during the first quarter worth $321,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of HudBay Minerals by 142.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 100,303 shares of the mining company's stock valued at $761,000 after acquiring an additional 58,999 shares during the period. U S Global Investors Inc. increased its stake in shares of HudBay Minerals by 26.7% during the 1st quarter. U S Global Investors Inc. now owns 95,000 shares of the mining company's stock worth $721,000 after purchasing an additional 20,000 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of HudBay Minerals by 4.9% during the 1st quarter. Artemis Investment Management LLP now owns 2,701,243 shares of the mining company's stock worth $20,483,000 after purchasing an additional 126,534 shares during the last quarter. Finally, Intact Investment Management Inc. grew its holdings in HudBay Minerals by 55.6% during the first quarter. Intact Investment Management Inc. now owns 272,342 shares of the mining company's stock worth $2,065,000 after purchasing an additional 97,342 shares during the period. Institutional investors and hedge funds own 57.82% of the company's stock.

Analyst Upgrades and Downgrades

HBM has been the subject of a number of research analyst reports. Wall Street Zen raised shares of HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 21st. Stifel Canada raised HudBay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Scotiabank restated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, May 13th. Desjardins started coverage on shares of HudBay Minerals in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Raymond James Financial upgraded shares of HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $14.00.

HudBay Minerals Price Performance

Shares of NYSE HBM traded down $0.21 during trading hours on Friday, hitting $10.75. 5,228,898 shares of the stock were exchanged, compared to its average volume of 5,464,532. The company's fifty day simple moving average is $9.05 and its two-hundred day simple moving average is $8.30. 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 Inc has a 1-year low of $5.95 and a 1-year high of $11.13. The company has a market cap of $4.25 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 0.30 and a beta of 1.63.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results 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. The firm had revenue of $594.90 million for the quarter, compared to analysts' expectations of $537.36 million. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share. On average, sell-side analysts predict that HudBay Minerals Inc will post 0.79 EPS for the current 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.