Boston Partners Grows Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Boston Partners grew its holdings in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 29.1% during the first quarter, HoldingsChannel.com reports. The firm owned 552,226 shares of the mining company’s stock after acquiring an additional 124,376 shares during the quarter. Boston Partners’ holdings in Hudbay Minerals were worth $3,866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise grew its position in shares of Hudbay Minerals by 38.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock worth $45,000 after buying an additional 1,806 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Hudbay Minerals by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,641 shares of the mining company’s stock worth $396,000 after buying an additional 4,655 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of Hudbay Minerals during the 1st quarter worth $35,000. CIBC Asset Management Inc grew its position in shares of Hudbay Minerals by 2.1% during the 4th quarter. CIBC Asset Management Inc now owns 351,911 shares of the mining company’s stock worth $1,942,000 after buying an additional 7,161 shares in the last quarter. Finally, Swiss National Bank boosted its position in Hudbay Minerals by 1.4% during the first quarter. Swiss National Bank now owns 695,600 shares of the mining company’s stock valued at $4,867,000 after purchasing an additional 9,600 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on HBM. National Bank Financial raised Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Bank of America raised Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a report on Tuesday, April 9th. Jefferies Financial Group raised their price target on Hudbay Minerals from $13.00 to $14.00 and gave the stock a “hold” rating in a report on Friday, July 12th. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, May 21st. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $10.36.

Hudbay Minerals Stock Performance

HBM stock traded down $0.43 during trading on Friday, hitting $7.38. 6,395,066 shares of the company traded hands, compared to its average volume of 3,316,040. The stock’s 50-day simple moving average is $8.90 and its 200 day simple moving average is $7.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.00. The company has a market cap of $2.90 billion, a PE ratio of 32.09 and a beta of 1.83. Hudbay Minerals Inc. has a 1 year low of $3.94 and a 1 year high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Tuesday, May 14th. The mining company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.13. The company had revenue of $524.99 million during the quarter, compared to analysts’ expectations of $463.69 million. Hudbay Minerals had a return on equity of 6.22% and a net margin of 4.36%. On average, equities analysts expect that Hudbay Minerals Inc. will post 0.59 earnings per share for the current fiscal year.

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.