Callan Family Office LLC Purchases Shares of 53,883 Hudbay Minerals Inc. (NYSE:HBM)

Callan Family Office LLC purchased a new position in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 53,883 shares of the mining company's stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Hudbay Minerals in the 4th quarter valued at about $183,000. Plato Investment Management Ltd purchased a new position in Hudbay Minerals in the 4th quarter valued at approximately $95,000. U S Global Investors Inc. increased its stake in Hudbay Minerals by 50.0% in the 4th quarter. U S Global Investors Inc. now owns 75,000 shares of the mining company's stock valued at $608,000 after purchasing an additional 25,000 shares in the last quarter. Sprott Inc. raised its holdings in Hudbay Minerals by 3.5% during the fourth quarter. Sprott Inc. now owns 63,662 shares of the mining company's stock worth $516,000 after purchasing an additional 2,162 shares during the last quarter. Finally, Todd Asset Management LLC grew its holdings in Hudbay Minerals by 31.2% in the fourth quarter. Todd Asset Management LLC now owns 395,700 shares of the mining company's stock valued at $3,205,000 after purchasing an additional 94,200 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

Hudbay Minerals Price Performance

HBM stock traded up $0.11 during trading on Thursday, hitting $7.38. The stock had a trading volume of 6,809,344 shares, compared to its average volume of 3,893,505. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 41.00 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. The company's 50 day moving average price is $8.22 and its two-hundred day moving average price is $8.49. Hudbay Minerals Inc. has a 1-year low of $6.42 and a 1-year high of $10.49.

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

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th will be given a $0.007 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a dividend yield of 0.2%. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's payout ratio is currently 5.56%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus 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.