Barclays PLC Buys 83,036 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Barclays PLC boosted its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 2,414.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,475 shares of the mining company’s stock after acquiring an additional 83,036 shares during the quarter. Barclays PLC’s holdings in Hudbay Minerals were worth $795,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mountaineer Partners Management LLC lifted its position in Hudbay Minerals by 792.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock worth $94,874,000 after buying an additional 9,166,952 shares in the last quarter. Bank of Montreal Can lifted its position in Hudbay Minerals by 23.1% during the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock worth $71,308,000 after buying an additional 1,441,991 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in Hudbay Minerals by 31.9% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company’s stock worth $34,451,000 after buying an additional 906,417 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Hudbay Minerals by 24.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock worth $32,084,000 after buying an additional 702,170 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Hudbay Minerals by 12.2% during the 3rd 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 in the last quarter. 57.82% of the stock is owned by institutional investors.

Hudbay Minerals Price Performance

Shares of NYSE:HBM opened at $8.77 on Thursday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 38.13 and a beta of 1.76. 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 firm has a 50 day simple moving average of $8.71 and a 200 day simple moving average of $8.53. Hudbay Minerals Inc. has a one year low of $4.94 and a one year high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $454.47 million. During the same period in the prior year, the company posted $0.07 EPS. The company’s revenue was up 1.1% on a year-over-year basis. Research analysts predict that Hudbay Minerals Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $11.17.

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.