Hudbay Minerals Inc. (NYSE:HBM) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 2,414.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,475 shares of the mining company's stock after acquiring an additional 83,036 shares during the period. Barclays PLC's holdings in Hudbay Minerals were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mountaineer Partners Management LLC lifted its holdings in Hudbay Minerals by 792.5% in the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company's stock valued at $94,874,000 after acquiring an additional 9,166,952 shares during the last quarter. Bank of Montreal Can increased its position in shares of Hudbay Minerals by 23.1% during the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock worth $71,308,000 after purchasing an additional 1,441,991 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in Hudbay Minerals by 31.9% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company's stock valued at $34,451,000 after buying an additional 906,417 shares during the period. Dimensional Fund Advisors LP lifted its position in Hudbay Minerals by 24.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company's stock valued at $32,084,000 after buying an additional 702,170 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Hudbay Minerals by 12.2% during the third quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company's stock valued at $30,340,000 after acquiring an additional 359,126 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company's stock.

Hudbay Minerals Stock Down 1.5 %

HBM traded down $0.14 on Thursday, hitting $8.64. 4,189,457 shares of the company were exchanged, compared to its average volume of 4,875,818. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 37.55 and a beta of 1.76. The firm has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $8.53. Hudbay Minerals Inc. has a twelve month low of $4.94 and a twelve month 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 for the quarter, topping analysts' consensus estimates of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The firm had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business's quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Hudbay Minerals Inc. will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals presently has a consensus rating of "Buy" and a consensus price target of $11.17.

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.