Global X MANAGEMENT CO LLC increased its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 34.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 353,352 shares of the mining company’s stock after purchasing an additional 90,387 shares during the quarter. Global X MANAGEMENT CO LLC owned approximately 0.15% of HudBay Minerals worth $2,613,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GMT Capital Corp increased its position in shares of HudBay Minerals by 13.7% during the second quarter. GMT Capital Corp now owns 30,599,600 shares of the mining company’s stock worth $172,813,000 after purchasing an additional 3,678,300 shares in the last quarter. Letko Brosseau & Associates Inc. grew its holdings in HudBay Minerals by 5.7% in the 2nd quarter. Letko Brosseau & Associates Inc. now owns 27,363,164 shares of the mining company’s stock valued at $158,022,000 after buying an additional 1,469,514 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 buying an additional 224,085 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in HudBay Minerals by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company’s stock valued at $16,655,000 after buying an additional 83,094 shares in the last quarter. Finally, AGF Investments Inc. grew its holdings 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 buying an additional 536,938 shares in the last quarter. Hedge funds and other institutional investors own 59.29% of the company’s stock.

Several analysts have issued reports on HBM shares. Zacks Investment Research cut HudBay Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. ValuEngine lowered HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, August 15th. TheStreet raised HudBay Minerals from a “d+” rating to a “c-” rating in a research note on Monday, August 14th. Finally, J P Morgan Chase & Co raised HudBay Minerals from a “neutral” rating to an “overweight” rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. HudBay Minerals presently has an average rating of “Hold” and a consensus price target of $9.39.

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Shares of HudBay Minerals Inc (HBM) opened at $8.00 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.33. The stock has a market capitalization of $2,077.11, a PE ratio of 20.92 and a beta of 3.21. HudBay Minerals Inc has a 12-month low of $4.60 and a 12-month high of $9.35.

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.

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

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