Strong Tower Advisory Services Purchases 3,388 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Strong Tower Advisory Services increased its holdings in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,230 shares of the mining company’s stock after acquiring an additional 3,388 shares during the period. Strong Tower Advisory Services’ holdings in Hudbay Minerals were worth $528,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new position in Hudbay Minerals in the third quarter worth $28,000. Exchange Traded Concepts LLC purchased a new position in shares of Hudbay Minerals in the 3rd quarter worth about $53,000. Clear Harbor Asset Management LLC bought a new position in Hudbay Minerals during the third quarter valued at about $92,000. Armistice Capital LLC purchased a new stake in Hudbay Minerals during the second quarter worth about $97,000. Finally, First Affirmative Financial Network purchased a new position in Hudbay Minerals in the third quarter valued at about $103,000. 57.82% of the stock is owned by institutional investors.

Hudbay Minerals Price Performance

NYSE HBM opened at $8.60 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.39 billion, a PE ratio of 37.39 and a beta of 1.76. Hudbay Minerals Inc. has a 52 week low of $4.94 and a 52 week high of $10.49. The firm’s 50-day simple moving average is $8.67 and its two-hundred day simple moving average is $8.51.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. The company had revenue of $485.80 million for the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. Hudbay Minerals’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. Research analysts predict that Hudbay Minerals Inc. will post 0.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of $11.17.

About Hudbay Minerals

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.