Hudbay Minerals Inc (HBM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 44.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,554 shares of the mining company’s stock after selling 61,016 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Hudbay Minerals were worth $683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of HBM. Barometer Capital Management Inc. bought a new position in Hudbay Minerals during the 3rd quarter worth about $7,010,000. American Century Companies Inc. grew its holdings in Hudbay Minerals by 101.6% during the 3rd quarter. American Century Companies Inc. now owns 786,320 shares of the mining company’s stock worth $5,829,000 after acquiring an additional 396,307 shares in the last quarter. James Investment Research Inc. bought a new position in Hudbay Minerals during the 4th quarter worth about $3,271,000. Commonwealth Bank of Australia grew its holdings in Hudbay Minerals by 22.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 1,933,479 shares of the mining company’s stock worth $12,393,000 after acquiring an additional 359,058 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in Hudbay Minerals by 77.4% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 693,800 shares of the mining company’s stock worth $5,147,000 after acquiring an additional 302,600 shares in the last quarter. Institutional investors own 64.21% of the company’s stock.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Zacks Investment Research upgraded shares of Hudbay Minerals from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. National Bank Financial cut shares of Hudbay Minerals from an “outperform” rating to a “sector perform” rating in a report on Thursday, January 18th. Finally, Canaccord Genuity cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.25.

Hudbay Minerals Inc (NYSE:HBM) opened at $8.50 on Thursday. The stock has a market cap of $2,060.00, a PE ratio of 141.67 and a beta of 2.98. Hudbay Minerals Inc has a 1-year low of $4.60 and a 1-year high of $10.25. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51.

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About Hudbay Minerals

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

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Institutional Ownership by Quarter for Hudbay Minerals (NYSE:HBM)

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