Great West Life Assurance Co. Can cut its stake in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 1,879,670 shares of the mining company’s stock after selling 755 shares during the period. Great West Life Assurance Co. Can’s holdings in HudBay Minerals were worth $10,835,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TD Asset Management Inc. increased its stake in shares of HudBay Minerals by 3.7% in the first quarter. TD Asset Management Inc. now owns 6,185,270 shares of the mining company’s stock valued at $40,535,000 after buying an additional 217,949 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of HudBay Minerals by 6.4% in the first quarter. Vanguard Group Inc. now owns 4,569,866 shares of the mining company’s stock valued at $29,933,000 after buying an additional 276,040 shares during the last quarter. FMR LLC purchased a new stake in shares of HudBay Minerals during the first quarter valued at approximately $23,754,000. Bank of Montreal Can increased its stake in shares of HudBay Minerals by 29.9% in the first quarter. Bank of Montreal Can now owns 3,534,946 shares of the mining company’s stock valued at $23,154,000 after buying an additional 813,675 shares during the last quarter. Finally, AGF Investments Inc. increased its stake in shares of HudBay Minerals by 1,778.1% in the first quarter. AGF Investments Inc. now owns 2,048,158 shares of the mining company’s stock valued at $13,445,000 after buying an additional 1,939,102 shares during the last quarter. 62.84% of the stock is owned by hedge funds and other institutional investors.

Shares of HudBay Minerals Inc (NYSE:HBM) opened at 7.45 on Thursday. The company’s market cap is $1.77 billion. HudBay Minerals Inc has a 12 month low of $3.57 and a 12 month high of $9.15. The stock’s 50 day moving average is $6.58 and its 200 day moving average is $6.61.

The business also recently announced a Semi-Annual dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.008 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.22%. HudBay Minerals’s payout ratio is presently 50.01%.

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HBM has been the subject of several recent analyst reports. ValuEngine raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th. BidaskClub raised shares of HudBay Minerals from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research downgraded shares of HudBay Minerals from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of HudBay Minerals in a research note on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. HudBay Minerals currently has an average rating of “Hold” and a consensus target price of $8.06.

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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