10,770 Shares in Hudbay Minerals Inc. (NYSE:HBM) Acquired by Armistice Capital LLC

Armistice Capital LLC bought a new stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,770 shares of the mining company’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Banque Cantonale Vaudoise grew its position in Hudbay Minerals by 38.7% in the first quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock worth $45,000 after acquiring an additional 1,806 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Hudbay Minerals by 4.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,546 shares of the mining company’s stock worth $674,000 after purchasing an additional 2,905 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Hudbay Minerals by 32.7% in the 2nd quarter. Ballentine Partners LLC now owns 16,171 shares of the mining company’s stock worth $146,000 after purchasing an additional 3,983 shares in the last quarter. Register Financial Advisors LLC purchased a new position in shares of Hudbay Minerals during the 1st quarter valued at about $35,000. Finally, CIBC Asset Management Inc raised its holdings in shares of Hudbay Minerals by 2.1% during the 4th quarter. CIBC Asset Management Inc now owns 351,911 shares of the mining company’s stock valued at $1,942,000 after buying an additional 7,161 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Stock Down 1.7 %

Shares of Hudbay Minerals stock opened at $9.28 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. Hudbay Minerals Inc. has a 52-week low of $3.94 and a 52-week high of $10.49. The company’s 50 day moving average price is $7.76 and its 200-day moving average price is $8.23. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 40.35 and a beta of 1.77.

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 given a $0.007 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 3rd. Hudbay Minerals’s payout ratio is 4.35%.

Analyst Upgrades and Downgrades

HBM has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. Finally, StockNews.com downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.88.

Hudbay Minerals 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.