Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC trimmed its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 780,287 shares of the mining company's stock after selling 33,063 shares during the period. Goehring & Rozencwajg Associates LLC owned approximately 0.20% of Hudbay Minerals worth $6,141,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mountaineer Partners Management LLC lifted its position in 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 purchasing an additional 9,166,952 shares during the period. Bank of Montreal Can boosted its stake in shares of Hudbay Minerals by 23.1% in the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock worth $71,308,000 after buying an additional 1,441,991 shares during the last quarter. Verition Fund Management LLC grew its holdings in Hudbay Minerals by 106.8% during the third quarter. Verition Fund Management LLC now owns 2,585,032 shares of the mining company's stock worth $23,756,000 after acquiring an additional 1,334,969 shares during the period. Donald Smith & CO. Inc. raised its position in 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, Meritage Portfolio Management acquired a new position in Hudbay Minerals in the third quarter valued at approximately $6,743,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

Hudbay Minerals Price Performance

HBM stock traded down $0.54 during mid-day trading on Tuesday, reaching $9.05. 4,902,455 shares of the company's stock were exchanged, compared to its average volume of 5,802,952. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 39.33 and a beta of 1.74. Hudbay Minerals Inc. has a 12-month low of $4.94 and a 12-month high of $10.49. The stock's 50 day moving average is $8.60 and its 200 day moving average is $8.49. 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 released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (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 net margin of 4.23% and a return on equity of 7.44%. 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 company earned $0.07 EPS. On average, research analysts expect that Hudbay Minerals Inc. will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.