Nikko Asset Management Americas Inc. Buys Shares of 41,304 Hudbay Minerals Inc. (NYSE:HBM)

Nikko Asset Management Americas Inc. bought a new stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,304 shares of the mining company's stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cinctive Capital Management LP increased its position in Hudbay Minerals by 39.7% during the third quarter. Cinctive Capital Management LP now owns 410,669 shares of the mining company's stock valued at $3,777,000 after acquiring an additional 116,732 shares during the last quarter. Bank of Montreal Can raised its position in Hudbay Minerals by 23.1% in the 3rd quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock worth $71,308,000 after purchasing an additional 1,441,991 shares during the period. Toronto Dominion Bank lifted its stake in Hudbay Minerals by 300.9% in the third quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company's stock worth $2,085,000 after purchasing an additional 170,257 shares during the last quarter. Mountaineer Partners Management LLC boosted its position in shares of Hudbay Minerals by 792.5% during the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company's stock valued at $94,874,000 after buying an additional 9,166,952 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Hudbay Minerals by 9.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company's stock valued at $12,395,000 after buying an additional 117,275 shares during the last quarter. Hedge funds and other institutional investors own 57.82% of the company's stock.

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Analyst Upgrades and Downgrades

HBM has been the subject of a number of research analyst reports. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday. StockNews.com upgraded Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $11.50.

Hudbay Minerals Trading Down 2.1 %

Shares of Hudbay Minerals stock traded down $0.18 on Friday, hitting $8.15. 7,593,122 shares of the company traded hands, compared to its average volume of 3,997,000. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.22 billion, a PE ratio of 45.25 and a beta of 1.72. The stock's 50 day moving average price is $8.14 and its 200-day moving average price is $8.49. Hudbay Minerals Inc. has a 52 week low of $6.42 and a 52 week high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share 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 analysts' expectations of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. Hudbay Minerals's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. Equities research analysts predict that Hudbay Minerals Inc. will post 0.79 EPS for the current year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.007 per share. This represents a yield of 0.2%. This is a boost from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, March 4th. Hudbay Minerals's dividend payout ratio is presently 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.