Ballentine Partners LLC Has $169,000 Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Ballentine Partners LLC increased its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,820 shares of the mining company’s stock after acquiring an additional 5,064 shares during the period. Ballentine Partners LLC’s holdings in Hudbay Minerals were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in shares of Hudbay Minerals during the 3rd quarter worth about $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 stake in Hudbay Minerals during the third quarter valued at approximately $92,000. First Affirmative Financial Network bought a new position in shares of Hudbay Minerals during the third quarter valued at $103,000. Finally, Algert Global LLC bought a new stake in Hudbay Minerals during the second quarter worth about $111,000. Institutional investors own 57.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Buy” and an average price target of $11.17.

Hudbay Minerals Price Performance

Hudbay Minerals stock opened at $8.60 on Monday. The business has a 50-day moving average of $8.67 and a 200-day moving average of $8.48. 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 firm has a market capitalization of $3.39 billion, a P/E ratio of 37.37 and a beta of 1.76. Hudbay Minerals Inc. has a 1 year low of $4.94 and a 1 year high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (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 analysts’ expectations of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. Hudbay Minerals’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. On average, equities analysts anticipate that Hudbay Minerals Inc. will post 0.54 EPS for the current year.

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.