1,075,000 Shares in HudBay Minerals Inc $HBM Purchased by Robeco Schweiz AG

Robeco Schweiz AG bought a new position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,075,000 shares of the mining company’s stock, valued at approximately $11,406,000.

Several other large investors have also modified their holdings of HBM. SBI Securities Co. Ltd. lifted its position in shares of HudBay Minerals by 64.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock worth $29,000 after purchasing an additional 1,481 shares during the period. Banque Cantonale Vaudoise purchased a new position in HudBay Minerals during the first quarter valued at approximately $33,000. Jones Financial Companies Lllp raised its stake in HudBay Minerals by 131.6% in the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after buying an additional 3,733 shares in the last quarter. Plato Investment Management Ltd bought a new position in HudBay Minerals in the second quarter worth approximately $84,000. Finally, Headlands Technologies LLC bought a new stake in HudBay Minerals during the 1st quarter valued at $92,000. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Stock Up 4.6%

NYSE:HBM opened at $16.87 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. HudBay Minerals Inc has a twelve month low of $5.95 and a twelve month high of $17.73. The company has a market cap of $6.68 billion, a PE ratio of 23.11 and a beta of 1.58. The company’s 50 day moving average is $15.05 and its two-hundred day moving average is $11.55.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. The business had revenue of $536.40 million during the quarter, compared to analysts’ expectations of $558.21 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Analysts anticipate that HudBay Minerals Inc will post 0.79 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James Financial reissued an “outperform” rating on shares of HudBay Minerals in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of HudBay Minerals in a report on Wednesday, October 8th. The Goldman Sachs Group assumed coverage on HudBay Minerals in a research report on Monday, September 8th. They set a “buy” rating on the stock. National Bankshares reiterated an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded HudBay Minerals from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 25th. Three investment analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price 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.