TD Asset Management Inc. Sells 330,100 Shares of Hudbay Minerals Inc (HBM)

TD Asset Management Inc. cut its stake in shares of Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,116,679 shares of the mining company’s stock after selling 330,100 shares during the quarter. TD Asset Management Inc. owned approximately 1.19% of Hudbay Minerals worth $14,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Neuberger Berman Group LLC raised its position in shares of Hudbay Minerals by 140.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 33,356 shares of the mining company’s stock worth $169,000 after acquiring an additional 19,477 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Hudbay Minerals in the 3rd quarter worth about $172,000. James Investment Research Inc. raised its position in shares of Hudbay Minerals by 13.0% in the 4th quarter. James Investment Research Inc. now owns 36,577 shares of the mining company’s stock worth $173,000 after acquiring an additional 4,210 shares in the last quarter. Regal Investment Advisors LLC raised its position in shares of Hudbay Minerals by 49.2% in the 3rd quarter. Regal Investment Advisors LLC now owns 36,930 shares of the mining company’s stock worth $186,000 after acquiring an additional 12,181 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Hudbay Minerals by 131.1% in the 2nd quarter. BlackRock Inc. now owns 35,456 shares of the mining company’s stock worth $199,000 after acquiring an additional 20,113 shares in the last quarter. 52.22% of the stock is currently owned by hedge funds and other institutional investors.

Hudbay Minerals stock traded up $0.01 during midday trading on Monday, reaching $6.00. The stock had a trading volume of 22,407 shares, compared to its average volume of 637,612. Hudbay Minerals Inc has a 12 month low of $3.44 and a 12 month high of $8.85. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 10.56 and a beta of 2.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.44 and a quick ratio of 1.98.

A number of analysts recently commented on the company. Zacks Investment Research lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. ValuEngine raised Hudbay Minerals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. Royal Bank of Canada lowered Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, December 12th. Raymond James reaffirmed a “buy” rating on shares of Hudbay Minerals in a research report on Friday, November 2nd. Finally, BMO Capital Markets assumed coverage on Hudbay Minerals in a research report on Tuesday, January 8th. They issued an “outperform” rating for the company. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $6.92.

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About Hudbay Minerals

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.

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

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