Robeco Schweiz AG Acquires 80,000 Shares of HudBay Minerals Inc $HBM

Robeco Schweiz AG boosted its stake in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,155,000 shares of the mining company’s stock after buying an additional 80,000 shares during the quarter. Robeco Schweiz AG owned approximately 0.29% of HudBay Minerals worth $17,510,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GMT Capital Corp acquired a new position in shares of HudBay Minerals in the 2nd quarter worth approximately $337,809,000. L1 Capital Pty Ltd lifted its stake in HudBay Minerals by 4.4% in the second quarter. L1 Capital Pty Ltd now owns 15,054,087 shares of the mining company’s stock valued at $159,864,000 after buying an additional 630,703 shares during the period. Hancock Prospecting Pty Ltd bought a new position in shares of HudBay Minerals during the 2nd quarter worth approximately $154,359,000. Invesco Ltd. grew its position in shares of HudBay Minerals by 8.7% during the 2nd quarter. Invesco Ltd. now owns 11,344,408 shares of the mining company’s stock worth $120,364,000 after buying an additional 903,517 shares during the period. Finally, Donald Smith & CO. Inc. increased its stake in shares of HudBay Minerals by 34.1% in the 2nd quarter. Donald Smith & CO. Inc. now owns 7,442,968 shares of the mining company’s stock valued at $78,970,000 after acquiring an additional 1,893,596 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HBM. UBS Group began coverage on shares of HudBay Minerals in a research note on Thursday, January 8th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HudBay Minerals in a research note on Monday, December 29th. Raymond James Financial restated an “outperform” rating on shares of HudBay Minerals in a report on Friday, October 10th. Bank of America upped their target price on HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, Citigroup set a $34.50 price target on shares of HudBay Minerals and gave the company a “buy” rating in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $27.00.

HudBay Minerals Stock Performance

Shares of HBM opened at $22.53 on Wednesday. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $23.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.76. The stock’s fifty day moving average price is $18.15 and its two-hundred day moving average price is $14.63. The firm has a market cap of $8.94 billion, a PE ratio of 19.42 and a beta of 1.36.

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

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.