Barclays PLC Purchases 83,036 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Barclays PLC increased its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 2,414.5% during the third 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 purchasing an additional 83,036 shares during the period. Barclays PLC's holdings in Hudbay Minerals were worth $795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mountaineer Partners Management LLC raised its position in shares of Hudbay Minerals by 792.5% during 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 buying an additional 9,166,952 shares during the last quarter. Regal Partners Ltd bought a new stake in Hudbay Minerals in the 2nd quarter valued at $22,956,000. Artemis Investment Management LLP purchased a new stake in Hudbay Minerals in the 3rd quarter worth $20,907,000. TD Asset Management Inc boosted its holdings in shares of Hudbay Minerals by 199.4% during the 2nd quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company's stock valued at $26,294,000 after purchasing an additional 1,935,709 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Hudbay Minerals by 2,521.9% during the second quarter. Cubist Systematic Strategies LLC now owns 1,752,685 shares of the mining company's stock valued at $15,861,000 after purchasing an additional 1,685,836 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hudbay Minerals Price Performance

Shares of NYSE:HBM traded up $0.10 on Wednesday, reaching $8.10. The company's stock had a trading volume of 4,235,857 shares, compared to its average volume of 3,185,742. The company has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $8.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The company has a market cap of $3.19 billion, a P/E ratio of 35.22 and a beta of 1.77. 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 quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The company had revenue of $485.80 million during the quarter, compared to analyst estimates of $454.47 million. During the same quarter last year, the business posted $0.07 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Hudbay Minerals Inc. will post 0.55 EPS for the current fiscal year.

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.