Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 44.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,554 shares of the mining company’s stock after selling 61,016 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hudbay Minerals were worth $683,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HBM. Vanguard Group Inc. lifted its position in shares of Hudbay Minerals by 4.9% during the second quarter. Vanguard Group Inc. now owns 4,793,951 shares of the mining company’s stock valued at $27,565,000 after buying an additional 224,085 shares during the last quarter. QS Investors LLC lifted its position in shares of Hudbay Minerals by 12.5% during the second quarter. QS Investors LLC now owns 63,100 shares of the mining company’s stock valued at $363,000 after buying an additional 7,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Hudbay Minerals by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,884,880 shares of the mining company’s stock valued at $16,655,000 after buying an additional 83,094 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Hudbay Minerals by 4.5% during the second quarter. Bank of Nova Scotia now owns 67,126 shares of the mining company’s stock valued at $388,000 after buying an additional 2,894 shares during the last quarter. Finally, Shell Asset Management Co. lifted its position in shares of Hudbay Minerals by 120.1% during the third quarter. Shell Asset Management Co. now owns 49,884 shares of the mining company’s stock valued at $477,000 after buying an additional 27,221 shares during the last quarter. 64.21% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. ValuEngine raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, January 26th. Zacks Investment Research raised shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. National Bank Financial lowered shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.25.

Hudbay Minerals Inc (HBM) opened at $8.50 on Thursday. The company has a market cap of $2,060.00, a P/E ratio of 141.67 and a beta of 2.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.74 and a quick ratio of 1.33. Hudbay Minerals Inc has a 1 year low of $4.60 and a 1 year high of $10.25.

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Hudbay Minerals 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.

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

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