Aptus Capital Advisors LLC boosted its stake in Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) by 6.8% during the first quarter, Holdings Channel reports. The institutional investor owned 127,225 shares of the mining company's stock after buying an additional 8,115 shares during the period. Aptus Capital Advisors LLC's holdings in Hudbay Minerals were worth $999,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC grew its stake in Hudbay Minerals by 97.9% in the 1st quarter. Signaturefd LLC now owns 10,448 shares of the mining company's stock valued at $82,000 after buying an additional 5,169 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Hudbay Minerals during the 1st quarter worth approximately $1,680,000. Galibier Capital Management Ltd. acquired a new position in shares of Hudbay Minerals during the 1st quarter worth approximately $3,649,000. SailingStone Capital Partners LLC grew its position in shares of Hudbay Minerals by 2,175.3% during the 4th quarter. SailingStone Capital Partners LLC now owns 443,910 shares of the mining company's stock worth $3,214,000 after purchasing an additional 424,400 shares in the last quarter. Finally, L1 Capital Pty Ltd grew its position in shares of Hudbay Minerals by 16.4% during the 4th quarter. L1 Capital Pty Ltd now owns 11,309,560 shares of the mining company's stock worth $103,596,000 after purchasing an additional 1,596,887 shares in the last quarter. Institutional investors and hedge funds own 67.11% of the company's stock.
Get Hudbay Minerals alerts:Analyst Ratings Changes
HBM has been the topic of a number of analyst reports. StockNews.com lowered shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Tuesday, April 19th. Royal Bank of Canada decreased their target price on shares of Hudbay Minerals from C$14.00 to C$12.00 in a research report on Wednesday, May 11th. Barclays upgraded shares of Hudbay Minerals from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 19th. CIBC decreased their target price on shares of Hudbay Minerals from C$14.00 to C$11.50 in a research report on Wednesday, May 18th. Finally, National Bank Financial lowered shares of Hudbay Minerals from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $12.06.
Hudbay Minerals Stock Performance
Shares of Hudbay Minerals stock opened at $3.51 on Friday. The company has a 50 day moving average of $4.61 and a 200-day moving average of $6.42. Hudbay Minerals Inc. has a 1-year low of $3.08 and a 1-year high of $8.75. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.79. The company has a market cap of $919.23 million, a PE ratio of -7.63, a price-to-earnings-growth ratio of 0.32 and a beta of 2.15.Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last issued its quarterly earnings data on Monday, May 9th. The mining company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.07). The company had revenue of $378.62 million during the quarter, compared to the consensus estimate of $402.00 million. Hudbay Minerals had a negative net margin of 7.69% and a positive return on equity of 5.27%. As a group, equities research analysts forecast that Hudbay Minerals Inc. will post 0.4 earnings per share for the current fiscal year.
Hudbay Minerals Profile
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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.
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