Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,800,892 shares of the mining company's stock after acquiring an additional 44,237 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.98% of Hudbay Minerals worth $63,196,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Mountaineer Partners Management LLC boosted its position in Hudbay Minerals by 792.5% during the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company's stock worth $94,874,000 after purchasing an additional 9,166,952 shares in the last quarter. Bank of Montreal Can grew its stake in Hudbay Minerals by 23.1% in the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock valued at $71,308,000 after acquiring an additional 1,441,991 shares during the last quarter. Verition Fund Management LLC increased its holdings in Hudbay Minerals by 106.8% during the 3rd quarter. Verition Fund Management LLC now owns 2,585,032 shares of the mining company's stock valued at $23,756,000 after acquiring an additional 1,334,969 shares in the last quarter. Polar Asset Management Partners Inc. raised its position in Hudbay Minerals by 1,310.6% during the third quarter. Polar Asset Management Partners Inc. now owns 764,400 shares of the mining company's stock worth $7,026,000 after acquiring an additional 710,212 shares during the last quarter. Finally, AGF Management Ltd. lifted its holdings in shares of Hudbay Minerals by 96.1% in the fourth quarter. AGF Management Ltd. now owns 1,396,581 shares of the mining company's stock valued at $11,328,000 after purchasing an additional 684,380 shares in the last quarter. Institutional investors and hedge funds own 57.82% of the company's stock.
Hudbay Minerals Trading Up 4.5 %
Shares of Hudbay Minerals stock traded up $0.34 during mid-day trading on Friday, hitting $7.73. 9,301,356 shares of the stock were exchanged, compared to its average volume of 3,919,660. The company has a 50-day simple moving average of $8.18 and a 200 day simple moving average of $8.48. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 42.92 and a beta of 1.72. Hudbay Minerals Inc. has a twelve month low of $6.42 and a twelve month high of $10.49.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm had revenue of $584.90 million during the quarter, compared to analysts' expectations of $588.28 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Hudbay Minerals Inc. will post 0.79 EPS for the current year.
Hudbay Minerals Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be paid a $0.007 dividend. This represents a yield of 0.2%. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, March 4th. Hudbay Minerals's dividend payout ratio (DPR) is presently 5.56%.
Analyst Ratings Changes
Separately, StockNews.com upgraded 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $11.17.
View Our Latest Stock Analysis on HBM
Hudbay Minerals Profile
(
Free Report)
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.
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