XTX Topco Ltd Buys 36,534 Shares of Hudbay Minerals Inc. (NYSE:HBM)

XTX Topco Ltd raised its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 252.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,005 shares of the mining company’s stock after acquiring an additional 36,534 shares during the quarter. XTX Topco Ltd’s holdings in Hudbay Minerals were worth $469,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cinctive Capital Management LP grew its position in shares of Hudbay Minerals by 39.7% during the 3rd quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company’s stock worth $3,777,000 after purchasing an additional 116,732 shares in the last quarter. Bank of Montreal Can grew its position in shares of Hudbay Minerals by 23.1% during the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company’s stock worth $71,308,000 after purchasing an additional 1,441,991 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Hudbay Minerals during the 3rd quarter worth approximately $20,907,000. Driehaus Capital Management LLC acquired a new stake in shares of Hudbay Minerals during the 2nd quarter worth approximately $14,718,000. Finally, Mountaineer Partners Management LLC boosted its position in shares of Hudbay Minerals by 792.5% during the 3rd quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock worth $94,874,000 after acquiring an additional 9,166,952 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Price Performance

HBM stock opened at $8.66 on Friday. The company has a fifty day moving average price of $9.11 and a 200-day moving average price of $8.64. The company has a market capitalization of $3.41 billion, a P/E ratio of 37.65 and a beta of 1.77. 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.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.09. Hudbay Minerals had a net margin of 4.23% and a return on equity of 7.44%. The firm had revenue of $485.80 million during the quarter, compared to the consensus estimate of $454.47 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities analysts expect that Hudbay Minerals Inc. will post 0.55 EPS for the current year.

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.