Invesco Ltd. Purchases 314,619 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Invesco Ltd. grew its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,815,849 shares of the mining company's stock after purchasing an additional 314,619 shares during the period. Invesco Ltd. owned about 2.99% of Hudbay Minerals worth $95,708,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HBM. Plato Investment Management Ltd acquired a new stake in shares of Hudbay Minerals during the 4th quarter valued at about $95,000. Smith Moore & CO. raised its position in Hudbay Minerals by 28.4% during the fourth quarter. Smith Moore & CO. now owns 13,716 shares of the mining company's stock valued at $111,000 after acquiring an additional 3,032 shares in the last quarter. First Affirmative Financial Network lifted its stake in 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 acquiring an additional 4,386 shares during the last quarter. Quantbot Technologies LP bought a new stake in Hudbay Minerals in the fourth quarter worth approximately $133,000. Finally, Ballentine Partners LLC increased its stake in shares of Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company's stock worth $169,000 after purchasing an additional 5,064 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HBM has been the subject of a number of recent research reports. Stifel Canada upgraded shares of 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 research note on Friday, February 7th. Desjardins assumed coverage on Hudbay Minerals in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, BMO Capital Markets started coverage on Hudbay Minerals in a report on Wednesday. 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 MarketBeat, Hudbay Minerals currently has a consensus rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock traded down $0.02 during trading on Friday, reaching $7.04. The company's stock had a trading volume of 6,438,641 shares, compared to its average volume of 4,720,143. Hudbay Minerals Inc. has a one year low of $5.95 and a one year high of $10.49. 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 firm has a market cap of $2.78 billion, a price-to-earnings ratio of 39.12 and a beta of 1.62. The business's fifty day moving average price is $7.52 and its 200-day moving average price is $8.39.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly 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 business had revenue of $584.90 million during the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. As a group, equities research 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 declared a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were issued a $0.007 dividend. 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. This represents a yield of 0.2%. Hudbay Minerals's dividend payout ratio is 5.56%.

Hudbay Minerals 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.