First Affirmative Financial Network Has $126,000 Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

First Affirmative Financial Network raised its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 39.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,563 shares of the mining company’s stock after purchasing an additional 4,386 shares during the quarter. First Affirmative Financial Network’s holdings in Hudbay Minerals were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HBM. Northwest & Ethical Investments L.P. boosted its stake in Hudbay Minerals by 0.8% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company’s stock valued at $1,815,000 after buying an additional 1,487 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Hudbay Minerals by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company’s stock valued at $4,213,000 after purchasing an additional 1,960 shares in the last quarter. MQS Management LLC grew its holdings in shares of Hudbay Minerals by 8.2% in the 3rd quarter. MQS Management LLC now owns 34,231 shares of the mining company’s stock worth $315,000 after purchasing an additional 2,592 shares during the last quarter. FMR LLC increased its position in shares of Hudbay Minerals by 0.7% during the 3rd quarter. FMR LLC now owns 354,392 shares of the mining company’s stock worth $3,260,000 after purchasing an additional 2,624 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Hudbay Minerals during the 3rd quarter valued at about $28,000. 57.82% of the stock is currently owned by institutional investors.

Hudbay Minerals Stock Up 2.8 %

Shares of NYSE:HBM opened at $8.50 on Friday. Hudbay Minerals Inc. has a 12 month low of $4.94 and a 12 month high of $10.49. The firm has a market cap of $3.35 billion, a P/E ratio of 36.94 and a beta of 1.76. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $8.47.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. The business had revenue of $485.80 million during the quarter, compared to analyst estimates of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. Hudbay Minerals’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. As a group, research analysts forecast that Hudbay Minerals Inc. will post 0.54 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com 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 two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $11.17.

About Hudbay Minerals

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.