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

Goehring & Rozencwajg Associates LLC lowered its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 780,287 shares of the mining company’s stock after selling 33,063 shares during the period. Goehring & Rozencwajg Associates LLC owned approximately 0.20% of Hudbay Minerals worth $6,141,000 at the end of the most recent reporting period.

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

Hudbay Minerals Trading Up 4.1 %

HBM opened at $9.34 on Friday. The business has a fifty day moving average price of $8.58 and a 200 day moving average price of $8.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. Hudbay Minerals Inc. has a 12 month low of $4.94 and a 12 month high of $10.49. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 40.59 and a beta of 1.74.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The business had revenue of $485.80 million during the quarter, compared to the consensus estimate of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. Sell-side analysts expect that Hudbay Minerals Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and a consensus 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.