AGF Investments Inc. reduced its stake in Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,471,768 shares of the mining company’s stock after selling 839,415 shares during the quarter. AGF Investments Inc. owned about 0.56% of Hudbay Minerals worth $13,032,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Swiss National Bank lifted its position in shares of Hudbay Minerals by 2.1% in the fourth quarter. Swiss National Bank now owns 443,000 shares of the mining company’s stock valued at $3,926,000 after acquiring an additional 8,900 shares in the last quarter. Renaissance Group LLC purchased a new stake in shares of Hudbay Minerals in the fourth quarter valued at $649,000. American Century Companies Inc. lifted its position in shares of Hudbay Minerals by 24.1% in the fourth quarter. American Century Companies Inc. now owns 975,850 shares of the mining company’s stock valued at $8,641,000 after acquiring an additional 189,530 shares in the last quarter. Covey Capital Advisors LLC lifted its position in shares of Hudbay Minerals by 94.4% in the fourth quarter. Covey Capital Advisors LLC now owns 83,600 shares of the mining company’s stock valued at $736,000 after acquiring an additional 40,600 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in shares of Hudbay Minerals in the fourth quarter valued at $3,271,000. Institutional investors and hedge funds own 64.21% of the company’s stock.
Several analysts have recently issued reports on HBM shares. ValuEngine upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Zacks Investment Research upgraded Hudbay Minerals from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Monday, October 23rd. Canaccord Genuity downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, National Bank Financial downgraded Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.25.
Hudbay Minerals Inc (HBM) opened at $7.90 on Wednesday. Hudbay Minerals Inc has a 12-month low of $4.60 and a 12-month high of $10.25. The firm has a market capitalization of $1,970.00, a PE ratio of 131.67 and a beta of 2.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.33 and a current ratio of 1.74.
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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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