1,799,148 Shares in Hudbay Minerals Inc. (NYSE:HBM) Acquired by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. purchased a new stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,799,148 shares of the mining company's stock, valued at approximately $12,604,000. Hudbay Minerals makes up approximately 3.0% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 15th biggest position. Galibier Capital Management Ltd. owned 0.51% of Hudbay Minerals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise boosted its holdings in shares of Hudbay Minerals by 38.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company's stock valued at $45,000 after acquiring an additional 1,806 shares during the last quarter. Bank of Nova Scotia increased its position in Hudbay Minerals by 19.1% in the third quarter. Bank of Nova Scotia now owns 24,843 shares of the mining company's stock worth $121,000 after buying an additional 3,979 shares in the last quarter. Barclays PLC lifted its position in shares of Hudbay Minerals by 7.1% during the 3rd quarter. Barclays PLC now owns 63,154 shares of the mining company's stock valued at $308,000 after buying an additional 4,169 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Hudbay Minerals by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,641 shares of the mining company's stock valued at $396,000 after acquiring an additional 4,655 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of Hudbay Minerals during the 1st quarter valued at $35,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

Hudbay Minerals Trading Up 0.6 %

Shares of NYSE:HBM traded up $0.05 during trading on Friday, hitting $9.05. The company had a trading volume of 2,421,329 shares, compared to its average volume of 3,010,065. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 39.35 and a beta of 1.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.40 and a quick ratio of 1.00. The company has a fifty day simple moving average of $9.03 and a two-hundred day simple moving average of $7.10. Hudbay Minerals Inc. has a one year low of $3.94 and a one year high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Tuesday, May 14th. The mining company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.03 by $0.13. Hudbay Minerals had a net margin of 4.36% and a return on equity of 6.22%. The company had revenue of $524.99 million during the quarter, compared to analyst estimates of $463.69 million. As a group, equities analysts forecast that Hudbay Minerals Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

HBM has been the subject of a number of research reports. Bank of America upgraded shares of Hudbay Minerals from a "neutral" rating to a "buy" rating and set a $9.00 target price for the company in a research report on Tuesday, April 9th. Stifel Nicolaus began coverage on Hudbay Minerals in a report on Tuesday, March 26th. They issued a "buy" rating on the stock. Raymond James increased their price target on Hudbay Minerals from $9.00 to $10.50 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. National Bank Financial upgraded Hudbay Minerals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 14th. Finally, Jefferies Financial Group began coverage on Hudbay Minerals in a report on Friday, May 3rd. They set a "hold" rating and a $13.00 price objective on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Hudbay Minerals presently has an average rating of "Buy" and a consensus target price of $10.21.

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.