HudBay Minerals Inc (HBM) Stake Increased by Numeric Investors LLC

Numeric Investors LLC lifted its stake in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 96.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 136,600 shares of the mining company’s stock after buying an additional 66,900 shares during the quarter. Numeric Investors LLC owned about 0.06% of HudBay Minerals worth $789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Letko Brosseau & Associates Inc. grew its position in shares of HudBay Minerals by 5.7% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 27,363,164 shares of the mining company’s stock worth $158,022,000 after buying an additional 1,469,514 shares during the period. Vanguard Group Inc. grew its position in HudBay Minerals by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock valued at $27,565,000 after purchasing an additional 224,085 shares during the period. FMR LLC acquired a new stake in HudBay Minerals in the 1st quarter valued at $23,754,000. AGF Investments Inc. grew its position in HudBay Minerals by 26.2% in the 2nd quarter. AGF Investments Inc. now owns 2,585,096 shares of the mining company’s stock valued at $14,959,000 after purchasing an additional 536,938 shares during the period. Finally, Commonwealth Bank of Australia acquired a new stake in HudBay Minerals in the 2nd quarter valued at $9,092,000. 64.86% of the stock is owned by institutional investors.

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Several analysts recently issued reports on the stock. J P Morgan Chase & Co raised shares of HudBay Minerals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 5th. Credit Suisse Group lifted their price target on shares of HudBay Minerals from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 11th. BMO Capital Markets lifted 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. ValuEngine downgraded shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.91.

Shares of HudBay Minerals Inc (NYSE HBM) opened at 8.05 on Friday. The company has a market capitalization of $1.91 billion, a PE ratio of 201.25 and a beta of 3.21. HudBay Minerals Inc has a 1-year low of $3.75 and a 1-year high of $9.35. The stock’s 50 day moving average price is $8.00 and its 200-day moving average price is $6.67.

The business also recently announced a Semi-Annual dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were paid a $0.008 dividend. The ex-dividend date was Thursday, September 7th. This represents a dividend yield of 0.22%. HudBay Minerals’s dividend payout ratio is currently 50.01%.

HudBay Minerals Company 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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Institutional Ownership by Quarter for HudBay Minerals (NYSE:HBM)

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