HudBay Minerals Inc $HBM Shares Acquired by Boston Partners

Boston Partners boosted its holdings in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,091,948 shares of the mining company’s stock after purchasing an additional 230,136 shares during the quarter. Boston Partners owned approximately 0.53% of HudBay Minerals worth $22,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in HudBay Minerals by 12.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,650,409 shares of the mining company’s stock valued at $28,142,000 after acquiring an additional 285,500 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of HudBay Minerals during the 2nd quarter worth approximately $61,432,000. Spark Investment Management LLC bought a new stake in shares of HudBay Minerals in the 2nd quarter worth approximately $265,000. Entropy Technologies LP acquired a new position in HudBay Minerals during the 2nd quarter valued at approximately $312,000. Finally, Texas Bank & Trust Co bought a new position in HudBay Minerals during the 2nd quarter worth $273,000. 57.82% of the stock is owned by institutional investors and hedge funds.

HudBay Minerals Price Performance

NYSE HBM opened at $17.02 on Friday. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $17.73. The business’s fifty day moving average is $15.80 and its two-hundred day moving average is $12.30. The stock has a market capitalization of $6.74 billion, a P/E ratio of 23.32 and a beta of 1.58. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.03.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its earnings results on Wednesday, November 12th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $346.80 million during the quarter, compared to analyst estimates of $538.16 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The business’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, research analysts forecast that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

HBM has been the subject of several analyst reports. National Bankshares reissued an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Raymond James Financial restated an “outperform” rating on shares of HudBay Minerals in a research report on Friday, October 10th. Bank of America lifted their price target on HudBay Minerals from $16.50 to $19.50 and gave the company a “buy” rating in a report on Thursday, October 16th. Royal Bank Of Canada reissued an “outperform” rating on shares of HudBay Minerals in a report on Monday, November 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of HudBay Minerals in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, HudBay Minerals presently has an average rating of “Buy” and an average price target of $19.50.

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.