Hudbay Minerals Inc. (NYSE:HBM) Stake Raised by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 102.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,275,895 shares of the mining company's stock after buying an additional 2,163,000 shares during the period. American Century Companies Inc. owned 1.08% of Hudbay Minerals worth $34,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. grew its holdings in shares of Hudbay Minerals by 0.8% during the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company's stock valued at $1,815,000 after purchasing an additional 1,487 shares during the last quarter. Sprott Inc. boosted its position in Hudbay Minerals by 3.5% during the 4th quarter. Sprott Inc. now owns 63,662 shares of the mining company's stock valued at $516,000 after purchasing an additional 2,162 shares during the period. FMR LLC grew its stake in Hudbay Minerals by 0.7% during the 3rd quarter. FMR LLC now owns 354,392 shares of the mining company's stock worth $3,260,000 after buying an additional 2,624 shares during the last quarter. Oliver Luxxe Assets LLC grew its stake in Hudbay Minerals by 2.5% during the 4th quarter. Oliver Luxxe Assets LLC now owns 132,498 shares of the mining company's stock worth $1,073,000 after buying an additional 3,282 shares during the last quarter. Finally, Strong Tower Advisory Services increased its position in Hudbay Minerals by 5.5% in the fourth quarter. Strong Tower Advisory Services now owns 65,230 shares of the mining company's stock worth $528,000 after buying an additional 3,388 shares during the period. Institutional investors and hedge funds own 57.82% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Hudbay Minerals has a consensus rating of "Buy" and a consensus price target of $11.50.

Hudbay Minerals Stock Performance

Shares of NYSE:HBM traded down $0.01 on Wednesday, hitting $7.69. The company's stock had a trading volume of 5,467,907 shares, compared to its average volume of 4,379,631. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 42.72 and a beta of 1.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. Hudbay Minerals Inc. has a 12 month low of $6.42 and a 12 month high of $10.49. The stock's 50-day moving average is $8.01 and its two-hundred day moving average is $8.54.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The company had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. During the same quarter in the prior year, the company earned $0.20 EPS. The business's quarterly revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that Hudbay Minerals Inc. will post 0.79 EPS for the current year.

Hudbay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were paid a dividend of $0.007 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 4th. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's dividend payout ratio (DPR) is currently 5.56%.

Hudbay Minerals 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.