Fiera Capital Corp Trims Stake in HudBay Minerals Inc (HBM)
Fiera Capital Corp cut its stake in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 23.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,326,985 shares of the mining company’s stock after selling 732,729 shares during the quarter. Fiera Capital Corp owned 0.98% of HudBay Minerals worth $13,434,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trexquant Investment LP boosted its position in shares of HudBay Minerals by 78.7% in the second quarter. Trexquant Investment LP now owns 18,768 shares of the mining company’s stock worth $108,000 after buying an additional 8,268 shares during the period. Quantbot Technologies LP acquired a new stake in shares of HudBay Minerals in the first quarter worth $118,000. Brave Asset Management Inc. acquired a new stake in shares of HudBay Minerals in the second quarter worth $121,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of HudBay Minerals in the first quarter worth $127,000. Finally, Oxford Asset Management acquired a new stake in shares of HudBay Minerals in the first quarter worth $159,000. 64.87% of the stock is owned by institutional investors and hedge funds.
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Several brokerages have recently commented on HBM. Zacks Investment Research cut HudBay Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 18th. BidaskClub raised HudBay Minerals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. J P Morgan Chase & Co raised HudBay Minerals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 5th. ValuEngine cut HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Credit Suisse Group raised their target price on HudBay Minerals from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. HudBay Minerals has an average rating of “Hold” and an average price target of $8.39.
Shares of HudBay Minerals Inc (NYSE HBM) opened at 7.50 on Friday. HudBay Minerals Inc has a one year low of $3.57 and a one year high of $9.35. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 187.50 and a beta of 3.28. The company’s 50 day moving average price is $8.04 and its 200 day moving average price is $6.63.
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 paid a $0.008 dividend. This represents a yield of 0.22%. The ex-dividend date is Thursday, September 7th. HudBay Minerals’s payout ratio is presently 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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