HudBay Minerals Inc (NYSE:HBM) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. grew its position in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 55.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 272,342 shares of the mining company's stock after buying an additional 97,342 shares during the period. Intact Investment Management Inc. owned 0.07% of HudBay Minerals worth $2,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HBM. Raymond James Financial Inc. purchased a new position in HudBay Minerals during the 4th quarter worth $183,000. Guggenheim Capital LLC purchased a new position in shares of HudBay Minerals in the fourth quarter worth about $186,000. Alliancebernstein L.P. raised its stake in shares of HudBay Minerals by 3.9% in 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 last quarter. Barclays PLC lifted its holdings in shares of HudBay Minerals by 7.9% during the fourth quarter. Barclays PLC now owns 93,286 shares of the mining company's stock worth $756,000 after purchasing an additional 6,811 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in HudBay Minerals in the fourth quarter valued at approximately $133,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on HBM shares. BMO Capital Markets started coverage on shares of HudBay Minerals in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Desjardins started coverage on shares of HudBay Minerals in a research report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank restated an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th. Stifel Canada raised HudBay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a report on Saturday. Four investment 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, HudBay Minerals currently has an average rating of "Buy" and an average target price of $14.00.

HudBay Minerals Price Performance

HudBay Minerals stock traded up $0.03 during midday trading on Wednesday, reaching $9.80. The company had a trading volume of 7,219,823 shares, compared to its average volume of 5,316,936. 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 Inc has a 12-month low of $5.95 and a 12-month high of $10.07. The company has a market capitalization of $3.87 billion, a P/E ratio of 25.79, a P/E/G ratio of 0.28 and a beta of 1.60. The firm's fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.20.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.10 by $0.14. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. The firm had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period in the prior year, the company earned $0.22 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that HudBay Minerals Inc will post 0.79 EPS 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.