Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its stake in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 86.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,293 shares of the mining company's stock after selling 114,018 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Hudbay Minerals were worth $168,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HBM. Prospera Private Wealth LLC acquired a new position in shares of Hudbay Minerals in the third quarter worth about $28,000. Exchange Traded Concepts LLC acquired a new position in Hudbay Minerals in the 3rd quarter worth about $53,000. Clear Harbor Asset Management LLC purchased a new position in Hudbay Minerals during the third quarter worth approximately $92,000. Ritholtz Wealth Management acquired a new stake in Hudbay Minerals in the second quarter valued at approximately $96,000. Finally, Armistice Capital LLC purchased a new stake in shares of Hudbay Minerals in the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

Wall Street Analyst Weigh In

HBM has been the topic of a number of recent analyst reports. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Jefferies Financial Group upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Trading Up 2.2 %

NYSE:HBM traded up $0.19 on Tuesday, hitting $8.93. The stock had a trading volume of 2,141,859 shares, compared to its average volume of 3,090,327. The company has a fifty day moving average price of $9.13 and a two-hundred day moving average price of $8.68. Hudbay Minerals Inc. has a 1-year low of $4.51 and a 1-year high of $10.49. 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 stock has a market cap of $3.52 billion, a price-to-earnings ratio of 38.78 and a beta of 1.77.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million for the quarter, compared to analysts' expectations of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities research analysts expect that Hudbay Minerals Inc. will post 0.55 earnings per share 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.