Swiss National Bank Has $2,280,000 Stake in HudBay Minerals Inc (HBM)
Swiss National Bank continued to hold its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 394,100 shares of the mining company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.17% of HudBay Minerals worth $2,280,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Global X Management Co. LLC grew its holdings in shares of HudBay Minerals by 7.7% in the first quarter. Global X Management Co. LLC now owns 425,060 shares of the mining company’s stock worth $2,786,000 after acquiring an additional 30,438 shares during the period. AQR Capital Management LLC increased its position in HudBay Minerals by 68.7% during the first quarter. AQR Capital Management LLC now owns 419,418 shares of the mining company’s stock valued at $2,749,000 after acquiring an additional 170,774 shares during the last quarter. Wellington Management Group LLP lifted its holdings in HudBay Minerals by 10.5% in the first quarter. Wellington Management Group LLP now owns 698,488 shares of the mining company’s stock valued at $4,578,000 after acquiring an additional 66,182 shares during the period. Systematic Financial Management LP bought a new position in HudBay Minerals in the first quarter valued at about $3,309,000. Finally, Quantbot Technologies LP bought a new position in HudBay Minerals in the first quarter valued at about $118,000. Hedge funds and other institutional investors own 64.86% of the company’s stock.
HudBay Minerals Inc (HBM) opened at 7.75 on Wednesday. HudBay Minerals Inc has a 52-week low of $3.67 and a 52-week high of $9.35. The stock has a market capitalization of $1.84 billion, a PE ratio of 193.75 and a beta of 3.21. The stock’s 50 day moving average price is $8.02 and its 200-day moving average price is $6.63.
The business also recently declared a Semi-Annual dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.008 per share. This represents a yield of 0.22%. The ex-dividend date of this dividend was Thursday, September 7th. HudBay Minerals’s dividend payout ratio is currently 50.01%.
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Several research analysts have issued reports on the company. J P Morgan Chase & Co raised HudBay Minerals from a “neutral” rating to an “overweight” rating in a research report on Tuesday, September 5th. Credit Suisse Group upped their price target on shares of HudBay Minerals from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 11th. ValuEngine lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BMO Capital Markets increased their price objective on shares of HudBay Minerals from $10.50 to $10.75 and gave the stock a “market perform” rating in a research note on Monday. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. HudBay Minerals has a consensus rating of “Hold” and an average price target of $8.81.
About HudBay Minerals
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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