Bridgewater Associates LP Has $8.83 Million Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Bridgewater Associates LP lifted its stake in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 42.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,088,562 shares of the mining company's stock after buying an additional 323,574 shares during the period. Bridgewater Associates LP owned about 0.28% of Hudbay Minerals worth $8,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HBM. Plato Investment Management Ltd bought a new position in shares of Hudbay Minerals in the fourth quarter valued at approximately $95,000. Advisory Services Network LLC acquired a new position in Hudbay Minerals in the fourth quarter worth $101,000. Smith Moore & CO. grew its holdings in shares of Hudbay Minerals by 28.4% during the fourth quarter. Smith Moore & CO. now owns 13,716 shares of the mining company's stock worth $111,000 after purchasing an additional 3,032 shares during the last quarter. First Affirmative Financial Network increased its stake in shares of Hudbay Minerals by 39.2% in the fourth quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company's stock valued at $126,000 after buying an additional 4,386 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Hudbay Minerals in the fourth quarter valued at about $133,000. 57.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research note 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. Desjardins assumed coverage on Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating for the company. Finally, BMO Capital Markets initiated coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $14.00.

Hudbay Minerals Trading Up 3.0 %

NYSE HBM traded up $0.21 on Tuesday, reaching $7.14. The company had a trading volume of 639,667 shares, compared to its average volume of 4,714,400. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Hudbay Minerals Inc. has a 52 week low of $5.95 and a 52 week high of $10.49. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 39.51 and a beta of 1.62. The stock's 50 day moving average is $7.44 and its 200-day moving average is $8.35.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings data 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). The firm had revenue of $584.90 million for 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 revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 EPS. Equities analysts predict that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.007 per share. This is an increase 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 (DPR) is 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.