Barclays PLC Has $795,000 Stock Position in Hudbay Minerals Inc. (NYSE:HBM)

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

Several other hedge funds have also added to or reduced their stakes in the business. Prospera Private Wealth LLC bought a new position in Hudbay Minerals during the third quarter worth $28,000. Exchange Traded Concepts LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter valued at about $53,000. Clear Harbor Asset Management LLC acquired a new stake in shares of Hudbay Minerals in the 3rd quarter valued at about $92,000. Ritholtz Wealth Management bought a new stake in Hudbay Minerals in the 2nd quarter valued at about $96,000. Finally, Armistice Capital LLC acquired a new position in Hudbay Minerals during the 2nd quarter worth approximately $97,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Hudbay Minerals Trading Up 1.3 %

HBM opened at $8.10 on Wednesday. Hudbay Minerals Inc. has a fifty-two week low of $4.94 and a fifty-two week high of $10.49. The firm has a market capitalization of $3.19 billion, a PE ratio of 35.22 and a beta of 1.77. 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’s 50-day moving average is $8.88 and its 200 day moving average is $8.55.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings data 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 return on equity of 7.44% and a net margin of 4.23%. The firm had revenue of $485.80 million during the quarter, compared to analyst estimates of $454.47 million. During the same period in the previous year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts predict that Hudbay Minerals Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Five equities research 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, Hudbay Minerals presently has a consensus rating of “Buy” and an average target price of $11.17.

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.