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flag Norges Bank and Walleye Capital boosted holdings in HudBay Minerals, which reported weaker-than-expected earnings.

flag Walleye Capital and Norway’s Norges Bank both increased their stakes in HudBay Minerals, with Norges Bank acquiring 5.7 million shares, representing 1.43% of the company. flag The miner reported Q2 earnings of $0.03 per share, below the $0.06 estimate, with revenue down 28.6% year-over-year to $346.8 million. flag Despite the miss, analysts maintain a “Buy” consensus rating with a $19.50 target price. flag The stock opened at $17.48, with a market cap of $6.93 billion and a P/E ratio of 15.07.

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