Hudbay Minerals Inc. (NYSE:HBM) Shares Bought by Regal Partners Ltd

Regal Partners Ltd raised its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,673,518 shares of the mining company's stock after purchasing an additional 136,943 shares during the period. Hudbay Minerals accounts for approximately 2.2% of Regal Partners Ltd's portfolio, making the stock its 15th largest holding. Regal Partners Ltd owned approximately 0.68% of Hudbay Minerals worth $24,570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Hudbay Minerals by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company's stock valued at $60,861,000 after buying an additional 272,635 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Hudbay Minerals by 46.3% in the first quarter. BNP Paribas Financial Markets now owns 185,166 shares of the mining company's stock valued at $1,296,000 after buying an additional 58,585 shares during the last quarter. Boston Partners raised its position in shares of Hudbay Minerals by 29.1% in the first quarter. Boston Partners now owns 552,226 shares of the mining company's stock valued at $3,866,000 after buying an additional 124,376 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Hudbay Minerals by 88.8% in the first quarter. Russell Investments Group Ltd. now owns 281,015 shares of the mining company's stock valued at $1,969,000 after buying an additional 132,142 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Hudbay Minerals in the third quarter valued at approximately $20,907,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HBM shares. StockNews.com lowered shares of Hudbay Minerals from a "buy" rating to a "hold" rating in a research report on Tuesday, August 13th. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $11.17.

Hudbay Minerals Trading Down 1.2 %

HBM stock traded down $0.10 on Thursday, hitting $8.53. 4,406,193 shares of the company were exchanged, compared to its average volume of 3,118,519. Hudbay Minerals Inc. has a twelve month low of $4.27 and a twelve month high of $10.49. The business's fifty day moving average is $8.76 and its two-hundred day moving average is $8.68. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 37.09 and a beta of 1.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.