Regal Partners Ltd Purchases 136,943 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Regal Partners Ltd grew its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,673,518 shares of the mining company’s stock after buying an additional 136,943 shares during the quarter. Hudbay Minerals comprises about 2.2% of Regal Partners Ltd’s investment portfolio, making the stock its 15th largest position. Regal Partners Ltd’s holdings in Hudbay Minerals were worth $24,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HBM. Artemis Investment Management LLP purchased a new stake in Hudbay Minerals in the 3rd quarter worth approximately $20,907,000. TD Asset Management Inc boosted its holdings in Hudbay Minerals by 199.4% in the second quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock valued at $26,294,000 after acquiring an additional 1,935,709 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Hudbay Minerals by 2,521.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,752,685 shares of the mining company’s stock valued at $15,861,000 after purchasing an additional 1,685,836 shares during the period. Driehaus Capital Management LLC bought a new position in Hudbay Minerals in the 2nd quarter worth $14,718,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Hudbay Minerals by 158.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,648,536 shares of the mining company’s stock worth $23,970,000 after purchasing an additional 1,624,900 shares during the period. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hudbay Minerals Trading Up 0.9 %

Hudbay Minerals stock opened at $8.65 on Thursday. Hudbay Minerals Inc. has a 12 month low of $4.25 and a 12 month high of $10.49. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $8.68. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 37.61 and a beta of 1.78.

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.