Hudbay Minerals Inc. (NYSE:HBM) Holdings Increased by Two Sigma Advisers LP

Two Sigma Advisers LP grew its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 12.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 783,146 shares of the mining company's stock after acquiring an additional 87,500 shares during the quarter. Two Sigma Advisers LP owned about 0.20% of Hudbay Minerals worth $6,343,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HBM. Tower Research Capital LLC TRC grew its stake in 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 last quarter. Algert Global LLC purchased a new position in Hudbay Minerals during the 4th quarter worth approximately $86,000. Plato Investment Management Ltd purchased a new position in Hudbay Minerals during the 4th quarter worth approximately $95,000. Hsbc Holdings PLC purchased a new position in Hudbay Minerals during the 4th quarter worth approximately $97,000. Finally, Advisory Services Network LLC purchased a new position in Hudbay Minerals during the 4th quarter worth approximately $101,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

Analyst Ratings Changes

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

Hudbay Minerals Trading Down 1.4%

Shares of NYSE:HBM traded down $0.13 during midday trading on Friday, reaching $8.93. The company's stock had a trading volume of 3,735,867 shares, compared to its average volume of 7,048,349. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 49.59 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 Inc. has a 1 year low of $5.95 and a 1 year high of $9.91. The business has a 50 day moving average price of $7.62 and a 200 day moving average price of $8.12.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $0.22 EPS. Hudbay Minerals's revenue for the quarter was up 13.3% on a year-over-year basis. Research analysts forecast 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.