Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lowered its holdings in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 4.1% during the fourth quarter, HoldingsChannel reports. The fund owned 780,287 shares of the mining company’s stock after selling 33,063 shares during the period. Goehring & Rozencwajg Associates LLC’s holdings in Hudbay Minerals were worth $6,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in Hudbay Minerals in the third quarter valued at approximately $28,000. Exchange Traded Concepts LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at $53,000. Clear Harbor Asset Management LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at $92,000. First Affirmative Financial Network purchased a new position in shares of Hudbay Minerals in the 3rd quarter valued at $103,000. Finally, Algert Global LLC acquired a new stake in Hudbay Minerals during the 2nd quarter worth $111,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Price Performance

HBM stock opened at $9.34 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.69 billion, a P/E ratio of 40.59 and a beta of 1.74. The business has a 50 day simple moving average of $8.58 and a 200-day simple moving average of $8.47. Hudbay Minerals Inc. has a twelve month low of $4.94 and a twelve month high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The firm had revenue of $485.80 million during 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 quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. As a group, equities analysts anticipate that Hudbay Minerals Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Company 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.