Lumbard & Kellner LLC Increases Holdings in HudBay Minerals Inc (NYSE:HBM)

Lumbard & Kellner LLC boosted its stake in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 537,757 shares of the mining company's stock after buying an additional 128,618 shares during the period. HudBay Minerals accounts for about 1.8% of Lumbard & Kellner LLC's investment portfolio, making the stock its 20th biggest holding. Lumbard & Kellner LLC owned approximately 0.14% of HudBay Minerals worth $4,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of HBM. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 3,062 shares in the last quarter. Algert Global LLC bought a new stake in HudBay Minerals during the fourth quarter valued at about $86,000. Plato Investment Management Ltd bought a new stake in HudBay Minerals during the fourth quarter valued at about $95,000. Hsbc Holdings PLC bought a new stake in HudBay Minerals during the fourth quarter valued at about $97,000. Finally, Advisory Services Network LLC bought a new stake in HudBay Minerals during the fourth quarter valued at about $101,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

HudBay Minerals Stock Down 1.4%

NYSE HBM traded down $0.14 during trading on Friday, hitting $9.59. The company's stock had a trading volume of 7,284,868 shares, compared to its average volume of 5,281,231. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.32 and a quick ratio of 1.92. The company has a market cap of $3.79 billion, a PE ratio of 25.22, a P/E/G ratio of 0.27 and a beta of 1.60. The business's 50 day simple moving average is $8.39 and its 200-day simple moving average is $8.19. HudBay Minerals Inc has a fifty-two week low of $5.95 and a fifty-two week high of $10.07.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.14. The business had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. HudBay Minerals had a return on equity of 8.17% and a net margin of 7.40%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. On average, equities analysts anticipate that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Stifel Canada raised HudBay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Desjardins assumed coverage on HudBay Minerals in a research report on Friday, April 4th. They set a "buy" rating on the stock. BMO Capital Markets assumed coverage on HudBay Minerals in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, Scotiabank reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price 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.