HudBay Minerals Inc $HBM Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd cut its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,972,808 shares of the mining company’s stock after selling 57,963 shares during the quarter. Temasek Holdings Private Ltd owned about 0.50% of HudBay Minerals worth $20,931,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Creative Planning grew its holdings in HudBay Minerals by 5.4% in the 2nd quarter. Creative Planning now owns 25,067 shares of the mining company’s stock worth $266,000 after buying an additional 1,289 shares in the last quarter. Pacifica Partners Inc. boosted its position in HudBay Minerals by 6.7% during the 2nd quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company’s stock worth $272,000 after acquiring an additional 1,625 shares during the period. Ballentine Partners LLC grew its stake in shares of HudBay Minerals by 10.3% in the second quarter. Ballentine Partners LLC now owns 29,757 shares of the mining company’s stock worth $316,000 after purchasing an additional 2,768 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of HudBay Minerals by 131.6% in the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after purchasing an additional 3,733 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of HudBay Minerals by 27.4% during the second quarter. Cetera Investment Advisers now owns 18,337 shares of the mining company’s stock valued at $195,000 after purchasing an additional 3,943 shares during the period. Institutional investors own 57.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HBM. Wall Street Zen downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research lowered shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Scotiabank restated an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, October 28th. Bank of America increased their price target on HudBay Minerals from $16.50 to $19.50 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, National Bankshares reissued an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $19.50.

HudBay Minerals Price Performance

HBM stock opened at $17.48 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $6.93 billion, a PE ratio of 15.07 and a beta of 1.39. The firm has a 50-day moving average of $16.11 and a two-hundred day moving average of $12.66. HudBay Minerals Inc has a one year low of $5.95 and a one year high of $18.00.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $346.80 million during the quarter, compared to analysts’ expectations of $538.16 million. HudBay Minerals had a return on equity of 8.89% and a net margin of 22.38%.The firm’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. On average, analysts forecast that HudBay Minerals Inc will post 0.79 earnings per share 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.