Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd decreased its position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,000 shares of the mining company’s stock after selling 78,000 shares during the period. Ausbil Investment Management Ltd’s holdings in Hudbay Minerals were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HBM. Mountaineer Partners Management LLC grew its holdings in Hudbay Minerals by 792.5% in the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock valued at $94,874,000 after purchasing an additional 9,166,952 shares during the period. Bank of Montreal Can grew its stake in Hudbay Minerals by 23.1% in the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock valued at $71,308,000 after acquiring an additional 1,441,991 shares during the period. Donald Smith & CO. Inc. increased its holdings in Hudbay Minerals by 31.9% in the 3rd quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company’s stock worth $34,451,000 after acquiring an additional 906,417 shares in the last quarter. Jennison Associates LLC raised its position in Hudbay Minerals by 12.2% during the third quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company’s stock worth $30,340,000 after acquiring an additional 359,126 shares during the period. Finally, Regal Partners Ltd grew its position in shares of Hudbay Minerals by 5.4% in the third quarter. Regal Partners Ltd now owns 2,673,518 shares of the mining company’s stock valued at $24,570,000 after purchasing an additional 136,943 shares during the period. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Trading Down 3.0 %

Shares of HBM opened at $8.25 on Friday. Hudbay Minerals Inc. has a 52-week low of $4.94 and a 52-week high of $10.49. The stock has a market cap of $3.25 billion, a PE ratio of 35.88 and a beta of 1.76. The firm’s fifty day moving average is $8.59 and its two-hundred day moving average is $8.46. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data 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 company had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. During the same quarter in the prior year, the company earned $0.07 EPS. Hudbay Minerals’s revenue was up 1.1% compared to the same quarter last year. Research analysts forecast that Hudbay Minerals Inc. will post 0.52 earnings per share 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.