Artemis Investment Management LLP Acquires 301,455 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Artemis Investment Management LLP lifted its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,574,709 shares of the mining company's stock after acquiring an additional 301,455 shares during the quarter. Artemis Investment Management LLP owned about 0.65% of Hudbay Minerals worth $20,858,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in HBM. Northwest & Ethical Investments L.P. boosted its stake in Hudbay Minerals by 0.8% during 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 purchasing an additional 1,487 shares during the period. Van ECK Associates Corp increased its stake in Hudbay Minerals by 0.4% in the third quarter. Van ECK Associates Corp now owns 451,628 shares of the mining company's stock valued at $4,213,000 after acquiring an additional 1,960 shares during the period. MQS Management LLC raised 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 buying an additional 2,592 shares in the last quarter. FMR LLC lifted its holdings in shares of Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company's stock valued at $3,260,000 after acquiring an additional 2,624 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Hudbay Minerals in the third quarter valued at about $28,000. Institutional investors own 57.82% of the company's stock.

Hudbay Minerals Price Performance

Hudbay Minerals stock traded down $0.04 during midday trading on Monday, reaching $8.60. The company's stock had a trading volume of 4,536,683 shares, compared to its average volume of 4,090,741. The business has a 50-day moving average price of $8.67 and a 200-day moving average price of $8.51. The stock has a market cap of $3.39 billion, a PE ratio of 37.39 and a beta of 1.76. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. Hudbay Minerals Inc. has a 52 week low of $4.94 and a 52 week high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The business had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. Hudbay Minerals's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts predict that Hudbay Minerals Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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.