UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Hudbay Minerals Inc. (NYSE:HBM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 411,743 shares of the mining company's stock after selling 97,495 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Hudbay Minerals worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Woodline Partners LP boosted its position in Hudbay Minerals by 216.5% in the 4th quarter. Woodline Partners LP now owns 2,124,494 shares of the mining company's stock valued at $17,208,000 after buying an additional 1,453,173 shares during the last quarter. Two Sigma Advisers LP boosted its position 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 last quarter. Temasek Holdings Private Ltd boosted 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 valued at $15,530,000 after buying an additional 113,500 shares during the last quarter. Toronto Dominion Bank boosted its position in Hudbay Minerals by 366.8% in 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 last quarter. Finally, Polar Asset Management Partners Inc. boosted its position in Hudbay Minerals by 121.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company's stock valued at $13,727,000 after buying an additional 930,300 shares during the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HBM shares. Desjardins started coverage on shares of Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating for the company. Scotiabank reissued an "outperform" rating on shares of Hudbay Minerals in a research report on Tuesday, May 13th. BMO Capital Markets started coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. Wall Street Zen raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Stifel Canada upgraded shares of 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock opened at $9.56 on Friday. The firm has a market cap of $3.78 billion, a PE ratio of 53.14 and a beta of 1.56. The firm's 50-day simple moving average is $7.75 and its 200-day simple moving average is $8.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. Hudbay Minerals Inc. has a 1 year low of $5.95 and a 1 year high of $9.86.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released 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. The firm had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. Hudbay Minerals's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities analysts forecast that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

Hudbay Minerals 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.

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