Shares of Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) were up 4.6% on Friday . The company traded as high as $3.67 and last traded at $3.67. Approximately 21,846 shares were traded during trading, a decline of 98% from the average daily volume of 1,442,120 shares. The stock had previously closed at $3.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Hudbay Minerals from C$16.50 to C$12.00 in a report on Tuesday, July 19th. CIBC decreased their price objective on shares of Hudbay Minerals from C$14.00 to C$11.50 in a report on Wednesday, May 18th. Raymond James lifted their price objective on shares of Hudbay Minerals from C$13.00 to C$14.00 in a report on Wednesday, April 20th. Barclays upgraded Hudbay Minerals from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, July 19th. Finally, StockNews.com cut Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, April 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.06.

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Hudbay Minerals Trading Up 9.7 %

The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The firm's 50-day simple moving average is $4.53 and its 200 day simple moving average is $6.37. The stock has a market capitalization of $1.01 billion, a P/E ratio of -8.37, a PEG ratio of 0.32 and a beta of 2.15.

Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last issued its quarterly earnings results 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 business had revenue of $378.62 million during the quarter, compared to the consensus estimate of $402.00 million. Hudbay Minerals had a positive return on equity of 5.27% and a negative net margin of 7.69%. Equities research analysts anticipate that Hudbay Minerals Inc. will post 0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudbay Minerals

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC grew its stake in Hudbay Minerals by 111.3% during the 4th quarter. Signaturefd LLC now owns 5,279 shares of the mining company's stock valued at $38,000 after acquiring an additional 2,781 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Hudbay Minerals by 122.9% during the 4th quarter. Quadrant Capital Group LLC now owns 6,183 shares of the mining company's stock valued at $45,000 after acquiring an additional 3,409 shares in the last quarter. US Bancorp DE grew its stake in shares of Hudbay Minerals by 122.4% in the 1st quarter. US Bancorp DE now owns 7,899 shares of the mining company's stock valued at $62,000 after buying an additional 4,347 shares in the last quarter. CastleKnight Management LP bought a new stake in shares of Hudbay Minerals in the 4th quarter valued at approximately $85,000. Finally, Keebeck Alpha LP bought a new stake in shares of Hudbay Minerals in the 1st quarter valued at approximately $104,000. Hedge funds and other institutional investors own 67.11% of the company's stock.

About Hudbay Minerals

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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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