172,709 Shares in HudBay Minerals Inc $HBM Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new stake in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 172,709 shares of the mining company’s stock, valued at approximately $2,618,000.

Several other hedge funds also recently made changes to their positions in HBM. Creative Planning boosted its holdings in shares of HudBay Minerals by 5.4% in the second quarter. Creative Planning now owns 25,067 shares of the mining company’s stock worth $266,000 after buying an additional 1,289 shares during the period. Pacifica Partners Inc. lifted its stake in HudBay Minerals by 6.7% in the second quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company’s stock valued at $272,000 after acquiring an additional 1,625 shares during the last quarter. Strong Tower Advisory Services boosted its holdings in HudBay Minerals by 2.4% in the third quarter. Strong Tower Advisory Services now owns 94,175 shares of the mining company’s stock worth $1,428,000 after purchasing an additional 2,182 shares in the last quarter. Ballentine Partners LLC increased its holdings in shares of HudBay Minerals by 10.3% during the 2nd quarter. Ballentine Partners LLC now owns 29,757 shares of the mining company’s stock valued at $316,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of HudBay Minerals in the third quarter valued at approximately $45,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

HudBay Minerals Price Performance

Shares of HBM opened at $21.57 on Friday. The company has a 50 day moving average of $17.86 and a 200-day moving average of $14.43. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. HudBay Minerals Inc has a twelve month low of $5.95 and a twelve month high of $22.12. The stock has a market capitalization of $8.56 billion, a P/E ratio of 18.59 and a beta of 1.36.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $346.80 million during the quarter, compared to the consensus estimate of $538.16 million. HudBay Minerals had a net margin of 22.38% and a return on equity of 8.89%. HudBay Minerals’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, equities research analysts forecast that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HBM. Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Monday, November 17th. Zacks Research lowered HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Scotiabank reiterated an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, October 28th. Bank of America boosted their price objective on HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, Citigroup set a $34.50 price objective on HudBay Minerals and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, HudBay Minerals presently has a consensus rating of “Buy” and a consensus price target of $27.00.

HudBay Minerals Company Profile

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company’s operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.