AQR Capital Management LLC boosted its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 68.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 419,418 shares of the mining company’s stock after buying an additional 170,774 shares during the period. AQR Capital Management LLC owned about 0.18% of HudBay Minerals worth $2,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the company. FMR LLC purchased a new position in shares of HudBay Minerals during the first quarter worth approximately $23,754,000. AGF Investments Inc. boosted its stake in shares of HudBay Minerals by 1,778.1% in the first quarter. AGF Investments Inc. now owns 2,048,158 shares of the mining company’s stock worth $13,445,000 after buying an additional 1,939,102 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of HudBay Minerals by 4,386.1% in the first quarter. Great West Life Assurance Co. Can now owns 1,880,425 shares of the mining company’s stock worth $12,350,000 after buying an additional 1,838,508 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of HudBay Minerals by 29.9% in the first quarter. Bank of Montreal Can now owns 3,534,946 shares of the mining company’s stock worth $23,154,000 after buying an additional 813,675 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of HudBay Minerals during the first quarter worth $3,309,000. 62.43% of the stock is currently owned by institutional investors.

Shares of HudBay Minerals Inc (NYSE:HBM) traded up 1.94% during mid-day trading on Friday, hitting $7.90. 686,205 shares of the stock traded hands. The stock has a market cap of $1.87 billion, a PE ratio of 197.50 and a beta of 3.29. The stock has a 50-day moving average of $7.01 and a 200 day moving average of $6.61. HudBay Minerals Inc has a one year low of $3.57 and a one year high of $9.15.

The business also recently declared a Semi-Annual dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.008 per share. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, September 7th. HudBay Minerals’s payout ratio is currently 50.01%.

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A number of equities research analysts have weighed in on HBM shares. ValuEngine upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. BidaskClub cut shares of HudBay Minerals from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Zacks Investment Research cut shares of HudBay Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 18th. Raymond James Financial, Inc. restated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday. Finally, TheStreet upgraded shares of HudBay Minerals from a “d+” rating to a “c-” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.06.

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.

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

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