Hudbay Minerals Inc. (NYSE:HBM) Stock Position Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 11.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 509,238 shares of the mining company’s stock after selling 62,946 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Hudbay Minerals worth $4,680,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Stock Up 2.7 %

Shares of HBM opened at $9.63 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. The company has a market capitalization of $3.79 billion, a P/E ratio of 41.85 and a beta of 1.77. The business’s 50 day simple moving average is $9.12 and its 200-day simple moving average is $8.65. Hudbay Minerals Inc. has a one year low of $4.71 and a one year high of $10.49.

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

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.