<div id="readability-page-1"><p>Bank of Nova Scotia increased its stake in shares of  HudBay Minerals Inc (NYSE:HBM - Free Report) <span>TSE: HBM<span></span></span> by 848.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 560,812 shares of the mining company's stock after purchasing an additional 501,684 shares during the period. Bank of Nova Scotia owned approximately 0.14% of HudBay Minerals worth $5,950,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>HudBay Minerals</strong> alerts:</span></p></div><ul><li>Top Growth Picks: 3 Low-Cost Stocks That Could Double in Value</li></ul><p>Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of  HudBay Minerals by 5.4% in the second quarter. Creative Planning now owns 25,067 shares of the mining company's stock valued at $266,000 after buying an additional 1,289 shares in the last quarter.  Pacifica Partners Inc. boosted its holdings in  HudBay Minerals by 6.7% during the 2nd quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company's stock valued at $272,000 after acquiring an additional 1,625 shares during the period.  Ballentine Partners LLC boosted its holdings in  HudBay Minerals by 10.3% during the 2nd quarter. Ballentine Partners LLC now owns 29,757 shares of the mining company's stock valued at $316,000 after acquiring an additional 2,768 shares during the period.  Jones Financial Companies Lllp grew its position in  HudBay Minerals by 131.6% in the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company's stock valued at $50,000 after acquiring an additional 3,733 shares in the last quarter.  Finally, Cetera Investment Advisers increased its stake in  HudBay Minerals by 27.4% during the second quarter. Cetera Investment Advisers now owns 18,337 shares of the mining company's stock worth $195,000 after purchasing an additional 3,943 shares during the period. Hedge funds and other institutional investors own  57.82% of the company's stock. </p><h2>HudBay Minerals Price Performance</h2><p>Shares of NYSE:HBM opened at $18.62 on Friday. HudBay Minerals Inc has a one year low of $5.95 and a one year high of $19.06. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 16.05 and a beta of 1.39. The company has a 50-day simple moving average of $16.32 and a 200-day simple moving average of $12.87. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.97. </p><ul><li>3 Vital Copper Stocks Helping EVs and AI Data Centers Take Off</li></ul><p>HudBay Minerals (NYSE:HBM - Get Free Report) <span>TSE: HBM<span></span></span> last issued its quarterly earnings results on Wednesday, November 12th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $346.80 million during the quarter, compared to analyst estimates of $538.16 million. HudBay Minerals had a net margin of 22.38% and a return on equity of 8.89%. The business's revenue was down 28.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 EPS.  On average, analysts predict that  HudBay Minerals Inc will post 0.79 EPS for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several research analysts have recently commented on the stock. Zacks Research lowered shares of HudBay Minerals from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, November 11th. Scotiabank  reissued an &#34;outperform&#34; rating on shares of HudBay Minerals in a research report on Tuesday, October 28th. Jefferies Financial Group  reaffirmed a &#34;buy&#34; rating on shares of HudBay Minerals in a research report on Sunday. Royal Bank Of Canada  reissued an &#34;outperform&#34; rating on shares of HudBay Minerals in a research note on Monday, November 17th. Finally, Raymond James Financial  reissued an &#34;outperform&#34; rating on shares of HudBay Minerals in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned  a Buy rating and one  has issued  a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of &#34;Buy&#34; and a consensus price target of $19.50.</p><p><b>View Our Latest Report on HBM</b></p><h2>HudBay Minerals Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than HudBay Minerals</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>3 Recently Downgraded Stocks to Avoid in 2026</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li><li>How to Calculate Stock Profit </li><li>Oracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 Rally</li></ul><p><strong>Want to see what other hedge funds are holding HBM?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HudBay Minerals Inc (NYSE:HBM - Free Report) <span>TSE: HBM<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhCTQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUhCTQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in HudBay Minerals Right Now?</h2><p>Before you consider HudBay Minerals, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HudBay Minerals wasn't on the list.</p><p>While HudBay Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of Nova Scotia increased its stake in HudBay Minerals Inc by 848.5% in Q2, owning 560,812 shares valued at $5.95 million. Other institutional investors also adjusted their holdings. HudBay's stock opened at $18.62, with a market cap of $7.38 billion. Analysts have a consensus 'Buy' rating with a price target of $19.50. The company reported Q3 earnings of $0.03 per share, missing estimates, with revenue down 28.6% year-over-year.</p>

Bank of Nova Scotia Grows Holdings in HudBay Minerals Inc $HBM