As Hudbay Minerals INC (HBM) Market Valuation Rose, Gmt Capital Corp Boosted Its Position

Hudbay Minerals Inc. (NYSE:HBM) Logo

Gmt Capital Corp increased its stake in Hudbay Minerals Inc (HBM) by 8.49% based on its latest 2018Q3 regulatory filing with the SEC. Gmt Capital Corp bought 2.60 million shares as the company’s stock rose 13.18% while stock markets declined. The hedge fund held 33.20M shares of the precious metals company at the end of 2018Q3, valued at $245.53M, up from 30.60 million at the end of the previous reported quarter. Gmt Capital Corp who had been investing in Hudbay Minerals Inc for a number of months, seems to be bullish on the $1.40 billion market cap company. The stock increased 1.70% or $0.09 during the last trading session, reaching $5.38. About 703,391 shares traded. Hudbay Minerals Inc. (NYSE:HBM) has declined 30.79% since January 14, 2018 and is downtrending. It has underperformed by 30.79% the S&P500.

Gmt Capital Corp, which manages about $9.19 billion and $4.99B US Long portfolio, decreased its stake in Lkq Corp (NASDAQ:LKQ) by 135,100 shares to 1.38 million shares, valued at $49.81M in 2018Q3, according to the filing. It also reduced its holding in China Lodging Group Ltd (NASDAQ:HTHT) by 50,100 shares in the quarter, leaving it with 228,419 shares, and cut its stake in Arrow Electrs Inc (NYSE:ARW).

More notable recent Hudbay Minerals Inc. (NYSE:HBM) news were published by: Benzinga.com which released: “26 Stocks Moving In Monday’s Pre-Market Session – Benzinga” on August 06, 2018, also Mining.com with their article: “Hudbay Minerals investor calls special shareholder meeting – MINING.com” published on October 19, 2018, Fool.com published: “Why Wheaton Precious Metals Could Be a Gold Mine for Income Investors – The Motley Fool” on March 22, 2018. More interesting news about Hudbay Minerals Inc. (NYSE:HBM) were released by: Juniorminingnetwork.com and their article: “Hudbay Minerals to Host Conference Call for Third Quarter 2018 Results – Junior Mining Network” published on September 28, 2018 as well as Seekingalpha.com‘s news article titled: “Hudbay Minerals – A Valuation Model (Video) – Seeking Alpha” with publication date: November 06, 2018.

Hudbay Minerals Inc. (NYSE:HBM) Ratings Coverage

Among 3 analysts covering Hudbay Minerals (NYSE:HBM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Hudbay Minerals had 3 analyst reports since October 10, 2018 according to SRatingsIntel. RBC Capital Markets downgraded the shares of HBM in report on Thursday, December 13 to “Sector Perform” rating.

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