Boston Partners Has $22.20 Million Stock Position in HudBay Minerals Inc $HBM

Boston Partners boosted its holdings in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 12.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,091,948 shares of the mining company’s stock after buying an additional 230,136 shares during the quarter. Boston Partners owned approximately 0.53% of HudBay Minerals worth $22,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Schweiz AG bought a new position in shares of HudBay Minerals during the 2nd quarter worth approximately $11,406,000. Vise Technologies Inc. acquired a new stake in HudBay Minerals during the 2nd quarter worth approximately $285,000. Acadian Asset Management LLC acquired a new stake in shares of HudBay Minerals during the second quarter worth $15,152,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in HudBay Minerals by 12.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,650,409 shares of the mining company’s stock worth $28,142,000 after purchasing an additional 285,500 shares in the last quarter. Finally, Savant Capital LLC bought a new stake in shares of HudBay Minerals in the second quarter valued at approximately $332,000. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Price Performance

Shares of NYSE HBM opened at $15.90 on Friday. The firm has a market capitalization of $6.30 billion, a P/E ratio of 21.78 and a beta of 1.58. The firm’s 50-day moving average price is $15.30 and its 200-day moving average price is $11.68. 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 1-year low of $5.95 and a 1-year high of $17.73.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its earnings results on Wednesday, November 12th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm had revenue of $346.80 million during the quarter, compared to the consensus estimate of $538.16 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The business’s quarterly revenue was down 28.6% on a year-over-year basis. Equities research analysts anticipate that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HBM. The Goldman Sachs Group initiated coverage on shares of HudBay Minerals in a research report on Monday, September 8th. They set a “buy” rating for the company. Bank of America boosted their price objective on HudBay Minerals from $16.50 to $19.50 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Zacks Research lowered shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, October 28th. Finally, Raymond James Financial restated an “outperform” rating on shares of HudBay Minerals in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $19.50.

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.