Public Employees Retirement System of Ohio Buys 102,179 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Public Employees Retirement System of Ohio grew its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 83.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,070 shares of the mining company's stock after purchasing an additional 102,179 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Hudbay Minerals worth $1,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vise Technologies Inc. acquired a new stake in Hudbay Minerals during the 4th quarter worth about $193,000. Woodline Partners LP grew its position in Hudbay Minerals by 216.5% during the fourth quarter. Woodline Partners LP now owns 2,124,494 shares of the mining company's stock valued at $17,208,000 after purchasing an additional 1,453,173 shares in the last quarter. Two Sigma Advisers LP increased its stake in Hudbay Minerals by 12.6% in the 4th quarter. Two Sigma Advisers LP now owns 783,146 shares of the mining company's stock valued at $6,343,000 after buying an additional 87,500 shares during the period. Temasek Holdings Private Ltd lifted its position in Hudbay Minerals by 6.3% in the 4th quarter. Temasek Holdings Private Ltd now owns 1,917,271 shares of the mining company's stock worth $15,530,000 after buying an additional 113,500 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Hudbay Minerals by 366.8% during the 4th quarter. Toronto Dominion Bank now owns 1,058,952 shares of the mining company's stock valued at $8,579,000 after buying an additional 832,111 shares during the period. Institutional investors and hedge funds own 57.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BMO Capital Markets began coverage on Hudbay Minerals in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Scotiabank restated an "outperform" rating on shares of Hudbay Minerals in a report on Tuesday, May 13th. Wall Street Zen upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Desjardins started coverage on Hudbay Minerals in a research note on Friday, April 4th. They set a "buy" rating on the stock. Finally, Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals Price Performance

NYSE:HBM traded up $0.22 during trading hours on Tuesday, reaching $9.37. The company had a trading volume of 6,948,327 shares, compared to its average volume of 4,970,411. The firm has a market capitalization of $3.70 billion, a PE ratio of 52.06 and a beta of 1.56. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $7.65 and a two-hundred day moving average of $8.12. Hudbay Minerals Inc. has a one year low of $5.95 and a one year high of $9.86.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings data 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. 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 for the quarter, compared to analysts' expectations of $537.36 million. During the same period in the prior year, the firm earned $0.22 earnings per share. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Analysts forecast that Hudbay Minerals Inc. will post 0.79 earnings per share 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.