HudBay Minerals Inc (NYSE:HBM) Shares Sold by Vontobel Holding Ltd.

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

A number of other large investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its stake in HudBay Minerals by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company's stock worth $538,000 after purchasing an additional 1,278 shares during the period. Alliancebernstein L.P. raised its stake in HudBay Minerals by 3.9% during the fourth quarter. Alliancebernstein L.P. now owns 72,730 shares of the mining company's stock worth $589,000 after purchasing an additional 2,740 shares during the period. Smith Moore & CO. raised its stake in HudBay Minerals by 28.4% during the fourth quarter. Smith Moore & CO. now owns 13,716 shares of the mining company's stock worth $111,000 after purchasing an additional 3,032 shares during the period. Tower Research Capital LLC TRC raised its stake 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 during the period. Finally, Cetera Investment Advisers raised its stake in HudBay Minerals by 24.3% during the fourth quarter. Cetera Investment Advisers now owns 19,224 shares of the mining company's stock worth $156,000 after purchasing an additional 3,760 shares during the period. Hedge funds and other institutional investors own 57.82% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HBM shares. Raymond James Financial raised shares of HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. Desjardins initiated coverage on shares of HudBay Minerals in a research report on Friday, April 4th. They issued a "buy" rating for the company. 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 shares of HudBay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, BMO Capital Markets initiated coverage on shares of HudBay Minerals in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $14.00.

HudBay Minerals Stock Up 0.1%

HBM traded up $0.01 during trading hours on Tuesday, reaching $10.91. 15,519,614 shares of the stock traded hands, compared to its average volume of 5,539,284. The firm's fifty day simple moving average is $9.18 and its two-hundred day simple moving average is $8.34. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 28.71, a PEG ratio of 0.31 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 company has a debt-to-equity ratio of 0.42, a current ratio of 2.32 and a quick ratio of 1.92.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.14. The business had revenue of $594.90 million during the quarter, compared to analyst estimates of $537.36 million. HudBay Minerals had a net margin of 7.40% and a return on equity of 8.17%. The business's revenue was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. As a group, analysts forecast 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.