Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 51.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 208,607 shares of the mining company’s stock after selling 221,084 shares during the period. BNP Paribas Financial Markets owned about 0.05% of Hudbay Minerals worth $1,917,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HBM. FMR LLC raised its position in shares of Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company’s stock worth $3,260,000 after purchasing an additional 2,624 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Hudbay Minerals by 9.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company’s stock worth $12,395,000 after buying an additional 117,275 shares during the period. Bank of Montreal Can lifted its stake in Hudbay Minerals by 23.1% during the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after buying an additional 1,441,991 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Hudbay Minerals by 12.2% in the third quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company’s stock worth $30,340,000 after buying an additional 359,126 shares during the period. Finally, PCJ Investment Counsel Ltd. boosted its holdings in shares of Hudbay Minerals by 14.1% in the third quarter. PCJ Investment Counsel Ltd. now owns 297,900 shares of the mining company’s stock worth $2,740,000 after buying an additional 36,900 shares during the period. 57.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HBM has been the topic of a number of research reports. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Trading Down 2.4 %

Shares of HBM stock opened at $8.84 on Friday. Hudbay Minerals Inc. has a 12 month low of $4.66 and a 12 month high of $10.49. The company has a market cap of $3.48 billion, a PE ratio of 38.43 and a beta of 1.77. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $9.12 and its two-hundred day moving average is $8.65.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The firm had revenue of $485.80 million for the quarter, compared to the consensus estimate of $454.47 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts predict that Hudbay Minerals Inc. will post 0.55 EPS for the current year.

Hudbay Minerals Company 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.