Dynamic Technology Lab Private Ltd Sells 114,018 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Dynamic Technology Lab Private Ltd cut its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 86.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,293 shares of the mining company’s stock after selling 114,018 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Hudbay Minerals were worth $168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in shares of Hudbay Minerals by 12.2% in the third quarter. Jennison Associates LLC now owns 3,298,814 shares of the mining company’s stock valued at $30,340,000 after acquiring an additional 359,126 shares in the last quarter. PCJ Investment Counsel Ltd. raised its stake in Hudbay Minerals by 14.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 297,900 shares of the mining company’s stock valued at $2,740,000 after purchasing an additional 36,900 shares during the period. Prospera Private Wealth LLC purchased a new position in Hudbay Minerals in the 3rd quarter worth approximately $28,000. Regal Partners Ltd lifted its holdings in Hudbay Minerals by 5.4% in the 3rd quarter. Regal Partners Ltd now owns 2,673,518 shares of the mining company’s stock worth $24,570,000 after purchasing an additional 136,943 shares in the last quarter. Finally, MQS Management LLC boosted its stake in Hudbay Minerals by 8.2% in the 3rd quarter. MQS Management LLC now owns 34,231 shares of the mining company’s stock worth $315,000 after purchasing an additional 2,592 shares during the period. 57.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HBM shares. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Hudbay Minerals has a consensus rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Trading Down 2.1 %

NYSE HBM opened at $8.76 on Tuesday. The firm has a market cap of $3.45 billion, a PE ratio of 37.87 and a beta of 1.78. Hudbay Minerals Inc. has a 52 week low of $4.51 and a 52 week high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $9.12 and a 200 day moving average price of $8.69.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, November 13th. The mining company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. The company had revenue of $485.80 million during the quarter, compared to analysts’ expectations of $454.47 million. Hudbay Minerals had a return on equity of 7.44% and a net margin of 4.23%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. As a group, sell-side analysts forecast that Hudbay Minerals Inc. will post 0.55 EPS for the current fiscal year.

About Hudbay Minerals

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.