HudBay Minerals Inc (HBM) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. decreased its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,992,970 shares of the mining company’s stock after selling 1,280,816 shares during the period. TD Asset Management Inc. owned about 1.53% of HudBay Minerals worth $29,533,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Trexquant Investment LP lifted its position in shares of HudBay Minerals by 78.7% during the second quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock worth $108,000 after acquiring an additional 8,268 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of HudBay Minerals by 37.3% during the second quarter. Quantbot Technologies LP now owns 24,912 shares of the mining company’s stock worth $143,000 after acquiring an additional 6,769 shares in the last quarter. ARP Americas LLC lifted its position in shares of HudBay Minerals by 85.9% during the second quarter. ARP Americas LLC now owns 39,600 shares of the mining company’s stock worth $229,000 after acquiring an additional 18,300 shares in the last quarter. Guardian Capital Advisors LP lifted its position in shares of HudBay Minerals by 73.6% during the second quarter. Guardian Capital Advisors LP now owns 40,583 shares of the mining company’s stock worth $336,000 after acquiring an additional 17,200 shares in the last quarter. Finally, IFC Holdings Incorporated FL purchased a new stake in shares of HudBay Minerals during the second quarter worth $264,000. Institutional investors and hedge funds own 64.04% of the company’s stock.
Several equities research analysts have issued reports on HBM shares. BMO Capital Markets increased their target price on HudBay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research report on Monday, October 2nd. ValuEngine downgraded HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, August 15th. Finally, TheStreet raised shares of HudBay Minerals from a “d+” rating to a “c-” rating in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. HudBay Minerals currently has an average rating of “Hold” and a consensus price target of $10.06.
HudBay Minerals Inc (NYSE:HBM) traded down $0.10 during trading on Wednesday, hitting $7.70. 495,200 shares of the stock traded hands, compared to its average volume of 704,489. The company has a market capitalization of $2,010.00, a PE ratio of 21.58 and a beta of 3.21. HudBay Minerals Inc has a 52-week low of $4.60 and a 52-week high of $9.35. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.
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About HudBay Minerals
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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