Hudbay Minerals Inc. (NYSE:HBM) Given Consensus Recommendation of "Buy" by Analysts

Hudbay Minerals Inc. (NYSE:HBM - Get Free Report) TSE: HBM has been given a consensus rating of "Buy" by the six brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $11.17.

Separately, StockNews.com raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mountaineer Partners Management LLC grew its holdings in Hudbay Minerals by 792.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company's stock valued at $94,874,000 after purchasing an additional 9,166,952 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Hudbay Minerals by 0.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,800,892 shares of the mining company's stock valued at $63,196,000 after buying an additional 44,237 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Hudbay Minerals by 23.1% during the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock valued at $71,308,000 after acquiring an additional 1,441,991 shares in the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Hudbay Minerals by 31.9% during the third quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company's stock valued at $34,451,000 after acquiring an additional 906,417 shares in 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 worth $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 Trading Down 4.3 %

NYSE:HBM traded down $0.42 during trading hours on Friday, reaching $9.17. 767,072 shares of the company were exchanged, compared to its average volume of 5,648,215. Hudbay Minerals has a 52-week low of $4.94 and a 52-week high of $10.49. The stock has a 50 day simple moving average of $8.60 and a 200 day simple moving average of $8.49. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 39.76 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share 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 revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. As a group, analysts predict that Hudbay Minerals will post 0.48 EPS for the current year.

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.