First Affirmative Financial Network Has $126,000 Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

First Affirmative Financial Network grew its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 39.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,563 shares of the mining company’s stock after buying an additional 4,386 shares during the period. First Affirmative Financial Network’s holdings in Hudbay Minerals were worth $126,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in HBM. Blue Trust Inc. lifted its stake in Hudbay Minerals by 83.8% in the fourth quarter. Blue Trust Inc. now owns 46,749 shares of the mining company’s stock valued at $379,000 after buying an additional 21,310 shares during the period. Ballentine Partners LLC raised its position in shares of Hudbay Minerals by 32.1% in the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company’s stock valued at $169,000 after acquiring an additional 5,064 shares during the period. Strong Tower Advisory Services raised its position in shares of Hudbay Minerals by 5.5% in the 4th quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company’s stock valued at $528,000 after acquiring an additional 3,388 shares during the period. Artemis Investment Management LLP boosted its stake in Hudbay Minerals by 13.3% during the 4th quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company’s stock worth $20,858,000 after acquiring an additional 301,455 shares during the last quarter. Finally, Galibier Capital Management Ltd. grew its holdings in Hudbay Minerals by 3.7% during the fourth quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company’s stock valued at $21,188,000 after purchasing an additional 92,324 shares during the period. 57.82% of the stock is currently owned by institutional investors.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at $8.50 on Friday. The company has a market capitalization of $3.35 billion, a P/E ratio of 36.94 and a beta of 1.76. Hudbay Minerals Inc. has a 52 week low of $4.94 and a 52 week high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. The company’s 50 day moving average price is $8.60 and its two-hundred day moving average price is $8.47.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.04 by $0.09. The business had revenue of $485.80 million for 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%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. On average, analysts expect that Hudbay Minerals Inc. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $11.17.

Hudbay Minerals 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.