Hudbay Minerals Inc. (NYSE:HBM) Shares Bought by Woodline Partners LP

Woodline Partners LP lifted its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 216.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,124,494 shares of the mining company's stock after acquiring an additional 1,453,173 shares during the quarter. Woodline Partners LP owned approximately 0.54% of Hudbay Minerals worth $17,208,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ballentine Partners LLC increased its holdings in Hudbay Minerals by 32.1% during the fourth quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company's stock valued at $169,000 after buying an additional 5,064 shares during the period. Blue Trust Inc. increased its holdings in Hudbay Minerals by 83.8% during the fourth quarter. Blue Trust Inc. now owns 46,749 shares of the mining company's stock valued at $379,000 after buying an additional 21,310 shares during the period. First Affirmative Financial Network increased its holdings in Hudbay Minerals by 39.2% during the fourth quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company's stock valued at $126,000 after buying an additional 4,386 shares during the period. Cibc World Market Inc. increased its holdings in Hudbay Minerals by 4.3% during the fourth quarter. Cibc World Market Inc. now owns 1,879,561 shares of the mining company's stock valued at $15,240,000 after buying an additional 78,267 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Hudbay Minerals during the fourth quarter valued at approximately $335,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

Hudbay Minerals Stock Up 3.9%

NYSE HBM traded up $0.33 on Friday, hitting $8.81. The stock had a trading volume of 5,754,774 shares, compared to its average volume of 4,876,566. The business's fifty day moving average price is $7.56 and its 200 day moving average price is $8.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. Hudbay Minerals Inc. has a 52-week low of $5.95 and a 52-week high of $10.15. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 48.95 and a beta of 1.56.

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 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 business had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Desjardins assumed coverage on shares of Hudbay Minerals in a report on Friday, April 4th. They set a "buy" rating on the stock. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets began coverage on shares of Hudbay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Hudbay Minerals in a report on Tuesday, May 13th. Finally, Wall Street Zen raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Thursday. Five research 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, Hudbay Minerals has a consensus rating of "Buy" and a consensus price target of $14.00.

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.