2,273,254 Shares in Hudbay Minerals Inc. (NYSE:HBM) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP purchased a new stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,273,254 shares of the mining company’s stock, valued at approximately $20,907,000. Artemis Investment Management LLP owned approximately 0.58% of Hudbay Minerals as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Register Financial Advisors LLC acquired a new stake in shares of Hudbay Minerals in the 1st quarter valued at approximately $35,000. Banque Cantonale Vaudoise lifted its stake in Hudbay Minerals by 38.7% in the first quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock valued at $45,000 after acquiring an additional 1,806 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Hudbay Minerals in the 1st quarter valued at about $85,000. Ritholtz Wealth Management acquired a new position in shares of Hudbay Minerals during the 2nd quarter worth about $96,000. Finally, Armistice Capital LLC acquired a new position in shares of Hudbay Minerals during the 2nd quarter worth about $97,000. 57.82% of the stock is currently owned by institutional investors.

Hudbay Minerals Trading Down 4.8 %

Shares of NYSE:HBM opened at $8.99 on Wednesday. The stock has a market cap of $3.54 billion, a PE ratio of 39.07 and a beta of 1.77. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47. Hudbay Minerals Inc. has a 12-month low of $3.94 and a 12-month high of $10.49. The business has a 50 day moving average of $7.94 and a 200-day moving average of $8.37.

Hudbay Minerals Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were issued a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 3rd. Hudbay Minerals’s dividend payout ratio is 4.35%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. StockNews.com downgraded Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hudbay Minerals currently has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.