Point72 Asset Management L.P. purchased a new position in Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 200,000 shares of the mining company’s stock, valued at approximately $1,484,000. Point72 Asset Management L.P. owned approximately 0.08% of Hudbay Minerals at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Trexquant Investment LP lifted its stake in Hudbay Minerals by 78.7% during the 2nd quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock valued at $108,000 after acquiring an additional 8,268 shares during the period. Quantbot Technologies LP lifted its stake in Hudbay Minerals by 37.3% during the 2nd quarter. Quantbot Technologies LP now owns 24,912 shares of the mining company’s stock valued at $143,000 after acquiring an additional 6,769 shares during the period. Guardian Capital Advisors LP lifted its stake in Hudbay Minerals by 73.6% during the 2nd quarter. Guardian Capital Advisors LP now owns 40,583 shares of the mining company’s stock valued at $336,000 after acquiring an additional 17,200 shares during the period. Advisors Asset Management Inc. increased its position in shares of Hudbay Minerals by 13.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 59,518 shares of the mining company’s stock valued at $342,000 after purchasing an additional 6,969 shares during the last quarter. Finally, QS Investors LLC increased its position in shares of Hudbay Minerals by 12.5% during the 2nd quarter. QS Investors LLC now owns 63,100 shares of the mining company’s stock valued at $363,000 after purchasing an additional 7,000 shares during the last quarter. Institutional investors own 64.03% of the company’s stock.
Shares of Hudbay Minerals Inc (NYSE:HBM) traded down $0.05 on Friday, reaching $9.70. 1,060,516 shares of the company’s stock were exchanged, compared to its average volume of 702,169. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.74. Hudbay Minerals Inc has a twelve month low of $4.60 and a twelve month high of $9.95. The stock has a market cap of $2,550.00, a price-to-earnings ratio of 161.67 and a beta of 3.17.
Several equities research analysts have recently commented on HBM shares. BMO Capital Markets upped their price target on shares of Hudbay Minerals from $10.50 to $10.75 and gave the company a “market perform” rating in a research report on Monday, October 2nd. Zacks Investment Research raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Monday, October 23rd. ValuEngine raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Canaccord Genuity lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hudbay Minerals currently has a consensus rating of “Hold” and a consensus price target of $10.50.
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Hudbay Minerals Profile
Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.
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