Todd Asset Management LLC Buys 94,200 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Todd Asset Management LLC lifted its stake in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 31.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 395,700 shares of the mining company's stock after acquiring an additional 94,200 shares during the quarter. Todd Asset Management LLC owned approximately 0.10% of Hudbay Minerals worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Prospera Private Wealth LLC bought a new stake in Hudbay Minerals in the third quarter worth $28,000. First Affirmative Financial Network boosted its holdings 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 worth $126,000 after purchasing an additional 4,386 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Hudbay Minerals by 32.1% in the fourth 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 in the last quarter. Sanctuary Advisors LLC bought a new stake in Hudbay Minerals in the third quarter worth $178,000. Finally, Savant Capital LLC bought a new stake in Hudbay Minerals in the fourth quarter worth $180,000. 57.82% of the stock is owned by institutional investors and hedge funds.

Hudbay Minerals Stock Performance

HBM stock traded up $0.06 during mid-day trading on Friday, reaching $7.11. 8,149,186 shares of the stock traded hands, compared to its average volume of 6,692,712. 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 $5.80 and a 52 week high of $10.49. The business has a 50-day moving average of $8.40 and a two-hundred day moving average of $8.53. The firm has a market capitalization of $2.81 billion, a PE ratio of 39.49 and a beta of 1.74.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings results 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). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The firm had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. During the same quarter last year, the company earned $0.20 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict 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 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 5.56%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Hudbay Minerals presently has an average rating of "Buy" and an average target price of $11.17.

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.