MQS Management LLC Has $315,000 Position in Hudbay Minerals Inc. (NYSE:HBM)

MQS Management LLC lifted its stake in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 8.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,231 shares of the mining company’s stock after buying an additional 2,592 shares during the quarter. MQS Management LLC’s holdings in Hudbay Minerals were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new position in shares of Hudbay Minerals in the 3rd quarter worth $53,000. Clear Harbor Asset Management LLC bought a new position in Hudbay Minerals in the 3rd quarter valued at $92,000. Ritholtz Wealth Management bought a new stake in shares of Hudbay Minerals during the 2nd quarter worth $96,000. Armistice Capital LLC bought a new position in Hudbay Minerals during the second quarter valued at about $97,000. Finally, Liontrust Investment Partners LLP bought a new stake in Hudbay Minerals in the second quarter worth about $100,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Price Performance

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

Wall Street Analyst Weigh In

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

Hudbay Minerals Company 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.