Hudbay Minerals Inc. (NYSE:HBM) Shares Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd raised its position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,917,271 shares of the mining company's stock after buying an additional 113,500 shares during the quarter. Temasek Holdings Private Ltd owned approximately 0.49% of Hudbay Minerals worth $15,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Hudbay Minerals by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company's stock worth $123,852,000 after purchasing an additional 255,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hudbay Minerals by 14.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company's stock worth $118,874,000 after buying an additional 1,822,601 shares during the last quarter. Invesco Ltd. increased its position in Hudbay Minerals by 2.7% in the 4th quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company's stock valued at $95,708,000 after acquiring an additional 314,619 shares during the period. Dimensional Fund Advisors LP increased its position in Hudbay Minerals by 86.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock valued at $74,105,000 after acquiring an additional 4,253,400 shares during the period. Finally, Bank of Montreal Can raised its stake in Hudbay Minerals by 4.9% during the 4th quarter. Bank of Montreal Can now owns 8,065,777 shares of the mining company's stock valued at $65,342,000 after acquiring an additional 374,258 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

Hudbay Minerals Price Performance

HBM stock traded up $0.25 on Friday, reaching $8.73. 2,565,762 shares of the company's stock were exchanged, compared to its average volume of 4,875,163. The stock has a fifty day moving average of $7.55 and a 200-day moving average of $8.13. Hudbay Minerals Inc. has a twelve month low of $5.95 and a twelve month high of $10.15. The firm has a market cap of $3.45 billion, a PE ratio of 48.42 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.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.14. The business had revenue of $594.90 million for the quarter, compared to analysts' expectations of $537.36 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities analysts predict that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.