Hudbay Minerals (NYSE:HBM) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Hudbay Minerals (NYSE:HBM) (TSE:HBM) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Hudbay Minerals Price Performance

Shares of HBM opened at $8.44 on Wednesday. Hudbay Minerals has a one year low of $4.94 and a one year high of $10.49. The stock’s fifty day moving average is $8.67 and its 200-day moving average is $8.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 36.68 and a beta of 1.76.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.04 by $0.09. The firm had revenue of $485.80 million for the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. Hudbay Minerals’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. Equities analysts anticipate that Hudbay Minerals will post 0.54 EPS for the current year.

Institutional Trading of Hudbay Minerals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Hudbay Minerals by 83.8% during the fourth quarter. Blue Trust Inc. now owns 46,749 shares of the mining company’s stock worth $379,000 after acquiring an additional 21,310 shares during the period. Ballentine Partners LLC grew its stake in shares of 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 during the last quarter. Strong Tower Advisory Services raised its holdings in shares of Hudbay Minerals by 5.5% in the 4th quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company’s stock worth $528,000 after purchasing an additional 3,388 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Hudbay Minerals by 13.3% during the fourth quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company’s stock valued at $20,858,000 after purchasing an additional 301,455 shares during the last quarter. Finally, Galibier Capital Management Ltd. boosted its holdings in Hudbay Minerals by 3.7% during the fourth quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company’s stock worth $21,188,000 after buying an additional 92,324 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

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.