PDT Partners LLC increased its holdings in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 56.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 253,300 shares of the mining company’s stock after purchasing an additional 91,388 shares during the period. PDT Partners LLC owned 0.11% of HudBay Minerals worth $1,463,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in HudBay Minerals during the first quarter worth about $118,000. Trexquant Investment LP grew its holdings in 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 purchasing an additional 8,268 shares during the period. Massachusetts Financial Services Co. MA bought a new position in HudBay Minerals during the first quarter worth about $127,000. Brave Asset Management Inc. bought a new position in HudBay Minerals during the second quarter worth about $121,000. Finally, Oxford Asset Management bought a new position in HudBay Minerals during the first quarter worth about $159,000. Institutional investors and hedge funds own 64.86% of the company’s stock.
Shares of HudBay Minerals Inc (NYSE HBM) opened at 7.75 on Thursday. The firm has a market capitalization of $1.84 billion, a P/E ratio of 193.75 and a beta of 3.21. The stock has a 50 day moving average of $8.04 and a 200-day moving average of $6.63. HudBay Minerals Inc has a 52-week low of $3.67 and a 52-week high of $9.35.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a $0.008 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend was Thursday, September 7th. HudBay Minerals’s dividend payout ratio (DPR) is presently 50.01%.
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A number of research firms recently commented on HBM. TheStreet upgraded HudBay Minerals from a “d+” rating to a “c-” rating in a report on Monday, August 14th. BidaskClub upgraded HudBay Minerals from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. ValuEngine cut HudBay Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co upgraded HudBay Minerals from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded HudBay Minerals from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $8.91.
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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