Lincluden Management Ltd Lowers stake in HudBay Minerals Inc (HBM)

HudBay Minerals Inc (HBM) : Lincluden Management Ltd reduced its stake in HudBay Minerals Inc by 14.73% during the most recent quarter end. The investment management company now holds a total of 14,530 shares of HudBay Minerals Inc which is valued at $62,624 after selling 2,510 shares in HudBay Minerals Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.HudBay Minerals Inc makes up approximately 0.01% of Lincluden Management Ltd’s portfolio.

HudBay Minerals Inc opened for trading at $4.47 and hit $4.61 on the upside on Wednesday, eventually ending the session at $4.6, with a gain of 3.84% or 0.17 points. The heightened volatility saw the trading volume jump to 2,91,061 shares. Company has a market cap of $1,082 M.

Other Hedge Funds, Including , Phoenix Investment Adviser added HBM to its portfolio by purchasing 87,000 company shares during the most recent quarter which is valued at $288,840. HudBay Minerals Inc makes up approx 0.36% of Phoenix Investment Adviser’s portfolio.

On the company’s financial health, HudBay Minerals Inc reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.13. The company had revenue of $336.60 million for the quarter, compared to analysts expectations of $472.78 million. The company’s revenue was up 198.7% compared to the same quarter last year.

HudBay Minerals Inc. (Hudbay) 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 in North and South America. Through its subsidiaries the Company owns copper/zinc/gold mines ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan and copper projects in Cusco (Peru) and Arizona (United States). The Company’s properties include 777 Mine Lalor Mine Reed Mine. The Company also owns 100% interests of Constancia project in Peru and Rosemont project is a copper project located in Pima County Arizona.

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