Hartree Partners LP Has $1.46 Million Stock Position in Hudbay Minerals Inc. (NYSE:HBM)

Hartree Partners LP reduced its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 70.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the mining company's stock after selling 421,368 shares during the period. Hartree Partners LP's holdings in Hudbay Minerals were worth $1,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of HBM. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hudbay Minerals by 111.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,777,571 shares of the mining company's stock worth $30,602,000 after acquiring an additional 1,994,431 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Hudbay Minerals by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company's stock valued at $538,000 after purchasing an additional 1,278 shares during the period. Norges Bank acquired a new stake in shares of Hudbay Minerals in the fourth quarter worth $50,260,000. JPMorgan Chase & Co. boosted its holdings in shares of Hudbay Minerals by 181.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,753 shares of the mining company's stock worth $10,909,000 after buying an additional 867,456 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Hudbay Minerals by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company's stock worth $123,852,000 after acquiring an additional 255,191 shares during the period. Hedge funds and other institutional investors own 57.82% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HBM. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $11.50.

Hudbay Minerals Price Performance

Hudbay Minerals stock traded down $0.40 on Thursday, reaching $7.29. The company's stock had a trading volume of 4,494,136 shares, compared to its average volume of 6,827,785. Hudbay Minerals Inc. has a twelve month low of $6.41 and a twelve month high of $10.49. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 40.50 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 business's fifty day moving average price is $8.01 and its 200 day moving average price is $8.54.

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). The firm had revenue of $584.90 million during the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. Equities analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal 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 issued a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's dividend payout ratio is currently 5.56%.

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.