Bank of Nova Scotia shares Hudbay Minerals Inc. (NYSE:HBM) invests a new $136,000


Bank of Nova Scotia held a position in Hudbay Minerals Inc. during the 1st quarter. (NYSE:HBM – Get Rating) (TSE:HBM) bought a new position in shares, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,300 shares of the mining company’s stock, valued at approximately $136,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Hudbay Minerals by 97.9% in the first quarter. Signaturefd LLC now owns 10,448 shares of the mining company’s stock worth $82,000 after buying an additional 5,169 shares during the period. CastleKnight Management LP purchased a new position in Hudbay Minerals during the fourth quarter worth approximately $85,000. 1492 Capital Management LLC purchased a new position in Hudbay Minerals during the fourth quarter worth about $162,000. Shell Asset Management Co. boosted its stake in Hudbay Minerals by 16.6% in the fourth quarter. Shell Asset Management Co. now owns 25,989 shares of the mining company’s stock valued at $188,000 after purchasing an additional 3,700 shares during the period. Finally, Bridgewater Associates LP boosted its stake in Hudbay Minerals by 12.9% in the fourth quarter. Bridgewater Associates LP now owns 31,923 shares of the mining company’s stock valued at $231,000 after purchasing an additional 3,645 shares during the period. Hedge funds and other institutional investors own 67.11% of the company’s stock.

Analyzer upgrades and downgrades

Several brokerages have recently commented on HBM. CIBC dropped their target price on Hudbay Minerals from C$14.00 to C$11.50 in a research note on Wednesday, May 18th. National Bank Finance downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, July 19th. Stifel Nicolaus dropped their target price on shares of Hudbay Minerals from C$16.50 to C$12.00 in a research note on Tuesday, July 19th. Barclays raised shares of Hadbay Minerals from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 19th. Finally, Scotiabank cut their price target on Hudbay Minerals from C$10.00 to C$7.50 in a report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Hudbay Minerals has a consensus rating of “Moderate Buy” and an average price target of $10.89, according to data from MarketBeat.com.

Hudbay mineral price display

Shares of HBM stock opened at $4.17 on Friday. The firm has a market cap of $1.09 billion, a P/E ratio of -12.64, a P/E/G ratio of 0.81 and a beta of 2.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.41 and a quick ratio of 0.97. Hudbay Minerals Inc. has a 1-year low of $3.08 and a 1-year high of $8.75. The firm has a fifty day moving average of $4.02 and a two hundred day moving average of $6.00.

Hudbay Minerals Dividend Declaration

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.008 per share. This represents a yield of 0.3%. The ex-dividend date is Thursday, September 1st. Hudbay Minerals’s dividend payout ratio is currently -6.06%.

Hudbay mineral profile

(Get Rating)

Hudbay Minerals Inc., a diversified mining company, along with its subsidiaries, focuses on the exploration, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold and silver; Silver / Gold Dore; molybdenum concentrate; and zinc metals.

Special articles

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



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