Hudbay Minerals Inc. (NYSE:HBM) Holdings Raised by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lifted its position in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,613,432 shares of the mining company's stock after purchasing an additional 92,324 shares during the period. Hudbay Minerals comprises 6.0% of Galibier Capital Management Ltd.'s portfolio, making the stock its 11th largest position. Galibier Capital Management Ltd. owned 0.66% of Hudbay Minerals worth $21,188,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HBM. Prospera Private Wealth LLC purchased a new position in shares of Hudbay Minerals during the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC bought a new position in Hudbay Minerals during the 3rd quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new position in Hudbay Minerals during the 3rd quarter worth $92,000. Armistice Capital LLC acquired a new stake in shares of Hudbay Minerals in the 2nd quarter valued at about $97,000. Finally, First Affirmative Financial Network bought a new position in shares of Hudbay Minerals during the third quarter worth about $103,000. 57.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Hudbay Minerals Stock Performance

HBM stock traded down $0.04 during mid-day trading on Friday, reaching $8.60. The company had a trading volume of 4,536,683 shares, compared to its average volume of 4,090,741. Hudbay Minerals Inc. has a one year low of $4.94 and a one year high of $10.49. The stock has a market capitalization of $3.39 billion, a P/E ratio of 37.39 and a beta of 1.76. 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's 50-day simple moving average is $8.67 and its two-hundred day simple moving average is $8.52.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 earnings per share 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 firm had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. During the same period last year, the firm posted $0.07 EPS. Hudbay Minerals's quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts anticipate that Hudbay Minerals Inc. will post 0.56 EPS for the current 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.