Charles Schwab Investment Management Inc. Reduces Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Charles Schwab Investment Management Inc. decreased its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 5.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,126,941 shares of the mining company’s stock after selling 70,878 shares during the period. Charles Schwab Investment Management Inc. owned about 0.29% of Hudbay Minerals worth $10,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its holdings in shares of Hudbay Minerals by 60,870.8% during the second quarter. Blue Trust Inc. now owns 14,633 shares of the mining company’s stock valued at $132,000 after acquiring an additional 14,609 shares in the last quarter. Liontrust Investment Partners LLP bought a new position in Hudbay Minerals during the 2nd quarter valued at about $100,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Hudbay Minerals during the 2nd quarter valued at about $773,000. Galibier Capital Management Ltd. grew its position in Hudbay Minerals by 13.7% in the 2nd quarter. Galibier Capital Management Ltd. now owns 2,046,150 shares of the mining company’s stock worth $18,512,000 after purchasing an additional 247,002 shares during the period. Finally, Bfsg LLC purchased a new stake in Hudbay Minerals during the second quarter valued at $801,000. Institutional investors own 57.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at $9.21 on Tuesday. Hudbay Minerals Inc. has a 12-month low of $4.71 and a 12-month high of $10.49. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $3.62 billion, a PE ratio of 40.02 and a beta of 1.77. The firm has a 50-day moving average price of $9.12 and a 200-day moving average price of $8.65.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its earnings results on Wednesday, November 13th. The mining company reported $0.13 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 business had revenue of $485.80 million for the quarter, compared to analyst estimates of $454.47 million. During the same period last year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Hudbay Minerals Inc. will post 0.55 EPS for the current 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.