Legal & General Group Plc decreased its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 384,210 shares of the mining company's stock after selling 45,574 shares during the period. Legal & General Group Plc owned approximately 0.10% of Hudbay Minerals worth $3,115,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in shares of Hudbay Minerals during the 4th quarter worth $50,260,000. American Century Companies Inc. grew its holdings in Hudbay Minerals by 102.4% in the fourth quarter. American Century Companies Inc. now owns 4,275,895 shares of the mining company's stock valued at $34,684,000 after purchasing an additional 2,163,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Hudbay Minerals by 111.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,777,571 shares of the mining company's stock valued at $30,602,000 after buying an additional 1,994,431 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 last quarter. Finally, AGF Management Ltd. boosted its position in shares of Hudbay Minerals by 96.1% in the 4th quarter. AGF Management Ltd. now owns 1,396,581 shares of the mining company's stock worth $11,328,000 after buying an additional 684,380 shares in the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.
Hudbay Minerals Stock Down 1.7 %
Shares of NYSE:HBM traded down $0.13 during midday trading on Friday, hitting $7.43. 5,081,753 shares of the company's stock traded hands, compared to its average volume of 4,764,623. Hudbay Minerals Inc. has a twelve month low of $5.95 and a twelve month high of $10.49. The company has a market cap of $2.93 billion, a PE ratio of 41.28 and a beta of 1.62. 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's fifty day moving average price is $7.30 and its two-hundred day moving average price is $8.30.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced 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 net margin of 3.80% and a return on equity of 7.29%. The company had revenue of $584.90 million for the quarter, compared to analysts' expectations of $588.28 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.
Hudbay Minerals Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were paid a dividend of $0.007 per share. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date was Tuesday, March 4th. This represents a yield of 0.2%. Hudbay Minerals's payout ratio is 5.56%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets began coverage on Hudbay Minerals in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Desjardins started coverage on Hudbay Minerals in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Four investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $14.00.
Check Out Our Latest Research Report 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.
Featured Stories
Before you consider Hudbay Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hudbay Minerals wasn't on the list.
While Hudbay Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
