1,799,148 Shares in Hudbay Minerals Inc. (NYSE:HBM) Acquired by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. acquired a new position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,799,148 shares of the mining company’s stock, valued at approximately $12,604,000. Hudbay Minerals accounts for approximately 3.0% of Galibier Capital Management Ltd.’s portfolio, making the stock its 15th largest position. Galibier Capital Management Ltd. owned 0.51% of Hudbay Minerals at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC increased its stake in Hudbay Minerals by 10.6% during the 4th quarter. Jennison Associates LLC now owns 1,464,679 shares of the mining company’s stock worth $8,059,000 after acquiring an additional 140,312 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hudbay Minerals by 28.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375,985 shares of the mining company’s stock valued at $51,836,000 after purchasing an additional 2,085,641 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Hudbay Minerals by 122,794.2% in the 4th quarter. BNP Paribas Financial Markets now owns 126,581 shares of the mining company’s stock valued at $699,000 after purchasing an additional 126,478 shares during the last quarter. Orchard Capital Management LLC bought a new position in shares of Hudbay Minerals in the 4th quarter valued at $3,713,000. Finally, Intact Investment Management Inc. increased its stake in shares of Hudbay Minerals by 23.1% in the 4th quarter. Intact Investment Management Inc. now owns 1,074,300 shares of the mining company’s stock valued at $5,911,000 after purchasing an additional 201,800 shares during the last quarter. Institutional investors own 57.82% of the company’s stock.

Wall Street Analyst Weigh In

HBM has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Hudbay Minerals in a research report on Friday, May 3rd. They set a “hold” rating and a $13.00 price objective on the stock. National Bank Financial upgraded Hudbay Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 14th. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, May 21st. Raymond James boosted their price objective on Hudbay Minerals from $9.00 to $10.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Finally, Stifel Nicolaus assumed coverage on Hudbay Minerals in a report on Tuesday, March 26th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $10.21.

Hudbay Minerals Trading Up 0.6 %

Shares of NYSE:HBM traded up $0.05 during midday trading on Friday, reaching $9.05. The company’s stock had a trading volume of 2,421,329 shares, compared to its average volume of 3,010,065. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 39.35 and a beta of 1.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.00 and a current ratio of 1.40. The firm has a 50 day moving average price of $9.03 and a two-hundred day moving average price of $7.08. Hudbay Minerals Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Tuesday, May 14th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.13. The company had revenue of $524.99 million for the quarter, compared to the consensus estimate of $463.69 million. Hudbay Minerals had a return on equity of 6.22% and a net margin of 4.36%. As a group, analysts forecast that Hudbay Minerals Inc. will post 0.6 earnings per share for the current year.

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.