Cibc World Market Inc. Boosts Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Cibc World Market Inc. increased its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,879,561 shares of the mining company's stock after acquiring an additional 78,267 shares during the quarter. Cibc World Market Inc. owned about 0.48% of Hudbay Minerals worth $15,240,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Affirmative Financial Network boosted its holdings in shares of Hudbay Minerals by 39.2% during the 4th quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company's stock valued at $126,000 after purchasing an additional 4,386 shares during the last quarter. Blue Trust Inc. boosted its stake in Hudbay Minerals by 83.8% during the fourth quarter. Blue Trust Inc. now owns 46,749 shares of the mining company's stock valued at $379,000 after buying an additional 21,310 shares during the last quarter. Ballentine Partners LLC grew its holdings in Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company's stock valued at $169,000 after buying an additional 5,064 shares in the last quarter. Strong Tower Advisory Services increased its stake in Hudbay Minerals by 5.5% in the 4th quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company's stock worth $528,000 after acquiring an additional 3,388 shares during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of Hudbay Minerals by 13.3% during the 4th quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company's stock worth $20,858,000 after acquiring an additional 301,455 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. 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, Hudbay Minerals has a consensus rating of "Buy" and a consensus target price of $11.17.

Hudbay Minerals Trading Up 5.4 %

NYSE HBM traded up $0.45 on Tuesday, hitting $8.66. 2,464,341 shares of the stock were exchanged, compared to its average volume of 5,556,112. Hudbay Minerals Inc. has a 52-week low of $4.94 and a 52-week high of $10.49. 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 stock has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $8.45. The firm has a market capitalization of $3.42 billion, a P/E ratio of 37.63 and a beta of 1.74.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $454.47 million. During the same quarter in the prior year, the company posted $0.07 EPS. Hudbay Minerals's quarterly revenue was up 1.1% on a year-over-year basis. Research analysts forecast that Hudbay Minerals Inc. will post 0.52 EPS for the current fiscal year.

Hudbay Minerals 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.