Quadrature Capital Ltd Has $423,000 Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Quadrature Capital Ltd lessened its holdings in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 83.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,500 shares of the mining company’s stock after selling 378,000 shares during the quarter. Quadrature Capital Ltd’s holdings in Hudbay Minerals were worth $423,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HBM. Donald Smith & CO. Inc. boosted its holdings in shares of Hudbay Minerals by 475.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 4,602,687 shares of the mining company’s stock valued at $25,407,000 after purchasing an additional 3,802,687 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Hudbay Minerals in the 4th quarter valued at $14,618,000. Invesco Ltd. lifted its stake in shares of Hudbay Minerals by 60.2% in the 3rd quarter. Invesco Ltd. now owns 6,998,581 shares of the mining company’s stock valued at $34,083,000 after acquiring an additional 2,630,780 shares during the last quarter. L1 Capital Pty Ltd lifted its stake in shares of Hudbay Minerals by 15.1% in the 3rd quarter. L1 Capital Pty Ltd now owns 16,299,356 shares of the mining company’s stock valued at $79,378,000 after acquiring an additional 2,141,437 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hudbay Minerals by 28.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375,985 shares of the mining company’s stock valued at $51,836,000 after acquiring an additional 2,085,641 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.

Wall Street Analysts Forecast Growth

HBM has been the subject of several research analyst reports. Bank of America raised Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Tuesday, April 9th. Stifel Nicolaus initiated coverage on Hudbay Minerals in a research report on Tuesday, March 26th. They issued a “buy” rating for the company. Raymond James lifted their price objective on Hudbay Minerals from $9.00 to $10.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. National Bank Financial raised Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. Finally, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $10.21.

Hudbay Minerals Price Performance

HBM stock opened at $8.81 on Monday. The company has a market capitalization of $3.47 billion, a P/E ratio of 38.30 and a beta of 1.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.40. Hudbay Minerals Inc. has a 52-week low of $3.94 and a 52-week high of $10.49. The business has a 50-day simple moving average of $8.90 and a two-hundred day simple moving average of $6.97.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Tuesday, May 14th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.13. The business had revenue of $524.99 million during the quarter, compared to the consensus estimate of $463.69 million. Hudbay Minerals had a return on equity of 6.22% and a net margin of 4.36%. Research analysts expect that Hudbay Minerals Inc. will post 0.59 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.