Bard Associates Inc. Sells 1,954 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Bard Associates Inc. trimmed its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,621 shares of the mining company’s stock after selling 1,954 shares during the period. Bard Associates Inc.’s holdings in Hudbay Minerals were worth $474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Hudbay Minerals by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock worth $60,861,000 after buying an additional 272,635 shares during the period. Condire Management LP increased its position in Hudbay Minerals by 4.2% during the first quarter. Condire Management LP now owns 4,226,553 shares of the mining company’s stock worth $29,586,000 after acquiring an additional 169,310 shares during the period. Donald Smith & CO. Inc. raised its stake in Hudbay Minerals by 31.9% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,748,780 shares of the mining company’s stock valued at $34,451,000 after purchasing an additional 906,417 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hudbay Minerals by 24.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock valued at $32,084,000 after purchasing an additional 702,170 shares during the period. Finally, TD Asset Management Inc grew its position in Hudbay Minerals by 199.4% in the 2nd quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock worth $26,294,000 after purchasing an additional 1,935,709 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBM has been the subject of a number of research analyst reports. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Finally, StockNews.com lowered Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. One research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $11.17.

Hudbay Minerals Trading Down 1.2 %

HBM stock opened at $8.53 on Friday. Hudbay Minerals Inc. has a 1-year low of $4.27 and a 1-year high of $10.49. The firm has a market cap of $3.36 billion, a P/E ratio of 37.09 and a beta of 1.78. The business’s 50 day moving average is $8.76 and its 200-day moving average is $8.68. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47.

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.