Campbell & CO Investment Adviser LLC Purchases Shares of 95,900 HudBay Minerals Inc $HBM

Campbell & CO Investment Adviser LLC acquired a new position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 95,900 shares of the mining company’s stock, valued at approximately $1,454,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in HudBay Minerals during the third quarter worth $45,000. Jones Financial Companies Lllp increased its stake in shares of HudBay Minerals by 131.6% during the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after purchasing an additional 3,733 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of HudBay Minerals in the 2nd quarter valued at about $84,000. Y Intercept Hong Kong Ltd acquired a new stake in HudBay Minerals in the 2nd quarter valued at about $116,000. Finally, Savvy Advisors Inc. bought a new position in HudBay Minerals during the second quarter worth about $141,000. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Trading Down 1.0%

HBM stock opened at $22.54 on Friday. The company’s 50-day simple moving average is $18.57 and its 200 day simple moving average is $14.85. HudBay Minerals Inc has a 52 week low of $5.95 and a 52 week high of $23.34. The company has a market capitalization of $8.94 billion, a PE ratio of 19.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.97.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. CIBC reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Thursday. Bank of America lifted their price objective on shares of HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a report on Monday, November 17th. Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, UBS Group initiated coverage on shares of HudBay Minerals in a report on Thursday, January 8th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average 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.