Hudbay Minerals Inc (HBM) Stake Lessened by Brave Asset Management Inc.

Brave Asset Management Inc. decreased its position in Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 32.5% in the 4th quarter, HoldingsChannel reports. The fund owned 10,655 shares of the mining company’s stock after selling 5,125 shares during the quarter. Brave Asset Management Inc.’s holdings in Hudbay Minerals were worth $50,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. James Investment Research Inc. grew its stake in shares of Hudbay Minerals by 13.0% in the 4th quarter. James Investment Research Inc. now owns 36,577 shares of the mining company’s stock worth $173,000 after acquiring an additional 4,210 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hudbay Minerals by 8.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 117,260 shares of the mining company’s stock worth $555,000 after buying an additional 9,400 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Hudbay Minerals by 15.4% in the 3rd quarter. Royce & Associates LP now owns 86,800 shares of the mining company’s stock worth $438,000 after buying an additional 11,600 shares during the last quarter. Regal Investment Advisors LLC boosted its holdings in shares of Hudbay Minerals by 49.2% in the 3rd quarter. Regal Investment Advisors LLC now owns 36,930 shares of the mining company’s stock worth $186,000 after buying an additional 12,181 shares during the last quarter. Finally, Usca Ria LLC boosted its holdings in shares of Hudbay Minerals by 38.1% in the 3rd quarter. Usca Ria LLC now owns 68,029 shares of the mining company’s stock worth $344,000 after buying an additional 18,755 shares during the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

A number of equities analysts recently weighed in on HBM shares. Barclays started coverage on shares of Hudbay Minerals in a report on Wednesday, October 10th. They issued an “overweight” rating and a $8.00 price target on the stock. Zacks Investment Research raised shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Raymond James reissued a “buy” rating on shares of Hudbay Minerals in a report on Friday, November 2nd. Royal Bank of Canada downgraded shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a report on Wednesday, December 12th. Finally, BMO Capital Markets started coverage on shares of Hudbay Minerals in a report on Tuesday, January 8th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Hudbay Minerals currently has a consensus rating of “Buy” and an average price target of $6.92.

NYSE HBM opened at $6.07 on Wednesday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 9.87 and a beta of 2.83. Hudbay Minerals Inc has a 52 week low of $3.44 and a 52 week high of $8.85. The company has a current ratio of 2.44, a quick ratio of 1.98 and a debt-to-equity ratio of 0.47.

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Hudbay Minerals Profile

Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.

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

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