Public Employees Retirement System of Ohio Has $1.82 Million Position in Hudbay Minerals Inc. (NYSE:HBM)

Public Employees Retirement System of Ohio increased its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 83.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,070 shares of the mining company's stock after buying an additional 102,179 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Hudbay Minerals worth $1,817,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of Hudbay Minerals by 9,877.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after buying an additional 3,062 shares during the period. Algert Global LLC bought a new position in Hudbay Minerals in the 4th quarter valued at $86,000. Plato Investment Management Ltd bought a new position in Hudbay Minerals in the 4th quarter valued at $95,000. Hsbc Holdings PLC bought a new position in Hudbay Minerals in the 4th quarter valued at $97,000. Finally, Advisory Services Network LLC bought a new position in Hudbay Minerals in the 4th quarter valued at $101,000. Institutional investors own 57.82% of the company's stock.

Analyst Upgrades and Downgrades

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

Hudbay Minerals Stock Performance

Shares of HBM traded up $0.19 during mid-day trading on Thursday, reaching $9.56. The company's stock had a trading volume of 11,915,436 shares, compared to its average volume of 5,027,538. Hudbay Minerals Inc. has a 1-year low of $5.95 and a 1-year high of $9.86. The stock has a market cap of $3.78 billion, a P/E ratio of 53.14 and a beta of 1.56. The business has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $8.14. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44.

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, topping analysts' consensus estimates of $0.10 by $0.14. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. During the same quarter last year, the company earned $0.22 EPS. The company's revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts anticipate that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

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.