Hillsdale Investment Management Inc. raised its stake in shares of Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,438,500 shares of the mining company’s stock after buying an additional 26,000 shares during the period. Hudbay Minerals makes up approximately 1.9% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 13th largest position. Hillsdale Investment Management Inc.’s holdings in Hudbay Minerals were worth $9,437,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. AGF Investments Inc. boosted its stake in 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 valued at $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 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 valued at $12,350,000 after buying an additional 1,838,508 shares in the last quarter. Bank of Montreal Can boosted its stake in 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 valued at $23,154,000 after buying an additional 813,675 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Hudbay Minerals during the fourth quarter valued at $4,342,000. Finally, Russell Investments Group Ltd. acquired a new stake in Hudbay Minerals during the fourth quarter valued at $3,628,000. 59.61% of the stock is owned by institutional investors.
Shares of Hudbay Minerals Inc (NYSE:HBM) traded up 2.86% on Friday, reaching $5.40. The company had a trading volume of 905,934 shares. Hudbay Minerals Inc has a 52-week low of $3.57 and a 52-week high of $9.15. The company’s 50-day moving average price is $6.00 and its 200-day moving average price is $6.67. The firm’s market capitalization is $1.28 billion.
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HBM has been the subject of several research reports. Zacks Investment Research cut Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. TheStreet cut Hudbay Minerals from a “c-” rating to a “d+” rating in a research report on Thursday, March 9th. BMO Capital Markets assumed coverage on Hudbay Minerals in a research report on Thursday, February 2nd. They issued a “market perform” rating for the company. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Hudbay Minerals in a research report on Tuesday, April 18th. Finally, ValuEngine raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Hudbay Minerals presently has an average rating of “Hold” and an average target price of $8.06.
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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