Sumitomo Mitsui Trust Group Inc. Acquires Shares of 41,304 Hudbay Minerals Inc. (NYSE:HBM)

Sumitomo Mitsui Trust Group Inc. bought a new position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 41,304 shares of the mining company's stock, valued at approximately $335,000.

Other institutional investors have also bought and sold shares of the company. Prospera Private Wealth LLC purchased a new stake in Hudbay Minerals during the 3rd quarter valued at approximately $28,000. Exchange Traded Concepts LLC purchased a new position in Hudbay Minerals during the third quarter valued at $53,000. Clear Harbor Asset Management LLC purchased a new position in Hudbay Minerals during the third quarter valued at $92,000. First Affirmative Financial Network increased its holdings in Hudbay Minerals by 39.2% in the 4th quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company's stock valued at $126,000 after acquiring an additional 4,386 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in Hudbay Minerals by 32.1% in the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company's stock worth $169,000 after purchasing an additional 5,064 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Price Performance

HBM stock traded down $1.21 during trading on Wednesday, hitting $7.76. 16,001,677 shares of the company's stock traded hands, compared to its average volume of 6,401,410. Hudbay Minerals Inc. has a 52 week low of $5.22 and a 52 week high of $10.49. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 33.72 and a beta of 1.74. The business has a fifty day simple moving average of $8.60 and a 200 day simple moving average of $8.54. 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 (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The business had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. During the same period in the previous year, the business posted $0.20 EPS. The firm's revenue was down 2.9% on a year-over-year basis. As a group, research analysts expect that Hudbay Minerals Inc. will post 0.45 EPS for the current fiscal 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.