Hudbay Minerals Inc. (NYSE:HBM) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. grew its position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 154.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 676,995 shares of the mining company's stock after acquiring an additional 410,945 shares during the quarter. Franklin Resources Inc. owned about 0.17% of Hudbay Minerals worth $5,484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HBM. FMR LLC grew its position in Hudbay Minerals by 0.7% in the 3rd quarter. FMR LLC now owns 354,392 shares of the mining company's stock valued at $3,260,000 after acquiring an additional 2,624 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Hudbay Minerals in the third quarter worth about $413,000. XTX Topco Ltd increased its stake in Hudbay Minerals by 252.5% in the 3rd quarter. XTX Topco Ltd now owns 51,005 shares of the mining company's stock worth $469,000 after buying an additional 36,534 shares during the period. MML Investors Services LLC bought a new stake in Hudbay Minerals during the 3rd quarter valued at about $226,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Hudbay Minerals in the 3rd quarter valued at about $1,122,000. Institutional investors own 57.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HBM shares. BMO Capital Markets initiated coverage on shares of Hudbay Minerals in a research note on Wednesday. They set an "outperform" rating for the company. Stifel Canada upgraded Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Finally, Desjardins initiated coverage on shares of Hudbay Minerals in a research report on Friday, April 4th. They set a "buy" rating on the stock. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $14.00.

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Hudbay Minerals Stock Up 0.4 %

Shares of NYSE HBM traded up $0.03 during mid-day trading on Wednesday, reaching $7.08. 1,426,310 shares of the company were exchanged, compared to its average volume of 4,663,847. The firm has a 50-day moving average of $7.62 and a 200 day moving average of $8.42. Hudbay Minerals Inc. has a 1 year low of $5.95 and a 1 year high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 39.31 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $588.28 million. During the same quarter last year, the firm earned $0.20 EPS. The company's revenue was down 2.9% compared to the same quarter last year. On average, research analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

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

About Hudbay Minerals

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.