121,891 Shares in Hudbay Minerals Inc. (NYSE:HBM) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 121,891 shares of the mining company's stock, valued at approximately $1,122,000.

Other hedge funds have also recently modified their holdings of the company. Prospera Private Wealth LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at $28,000. Exchange Traded Concepts LLC purchased a new position in Hudbay Minerals during the third quarter worth about $53,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hudbay Minerals during the third quarter valued at about $92,000. Ritholtz Wealth Management purchased a new stake in shares of Hudbay Minerals in the 2nd quarter valued at approximately $96,000. Finally, Armistice Capital LLC acquired a new position in shares of Hudbay Minerals in the 2nd quarter worth approximately $97,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

Hudbay Minerals Stock Up 4.2 %

Shares of HBM traded up $0.33 during midday trading on Friday, hitting $8.24. The company had a trading volume of 5,705,493 shares, compared to its average volume of 3,162,778. The company's 50-day simple moving average is $9.03 and its 200-day simple moving average is $8.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. Hudbay Minerals Inc. has a 1 year low of $4.94 and a 1 year high of $10.49. The firm has a market capitalization of $3.25 billion, a P/E ratio of 35.83 and a beta of 1.77.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced 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 company had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. As a group, sell-side analysts expect that Hudbay Minerals Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

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

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.