Wealth High Governance Capital Ltda Increases Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Wealth High Governance Capital Ltda lifted its position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 248,884 shares of the mining company's stock after purchasing an additional 48,884 shares during the period. Wealth High Governance Capital Ltda owned 0.06% of Hudbay Minerals worth $2,016,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Mountaineer Partners Management LLC lifted its holdings in 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 worth $94,874,000 after buying an additional 9,166,952 shares during the period. Bank of Montreal Can lifted its holdings in Hudbay Minerals by 23.1% during the third quarter. Bank of Montreal Can now owns 7,691,519 shares of the mining company's stock worth $71,308,000 after buying an additional 1,441,991 shares during the period. Verition Fund Management LLC lifted its holdings in Hudbay Minerals by 106.8% during the third quarter. Verition Fund Management LLC now owns 2,585,032 shares of the mining company's stock worth $23,756,000 after buying an additional 1,334,969 shares during the period. Polar Asset Management Partners Inc. lifted its holdings in Hudbay Minerals by 1,310.6% during the third quarter. Polar Asset Management Partners Inc. now owns 764,400 shares of the mining company's stock worth $7,026,000 after buying an additional 710,212 shares during the period. Finally, AGF Management Ltd. lifted its holdings in Hudbay Minerals by 96.1% during the fourth 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 during the period. Hedge funds and other institutional investors own 57.82% of the company's stock.

Hudbay Minerals Price Performance

NYSE HBM opened at $7.04 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. The stock's fifty day moving average price is $8.23 and its 200 day moving average price is $8.50. Hudbay Minerals Inc. has a 1 year low of $6.23 and a 1 year high of $10.49. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 39.09 and a beta of 1.72.

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Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly 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). Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. During the same period in the prior year, the business posted $0.20 earnings per share. Hudbay Minerals's revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.007 per share. The ex-dividend date is Tuesday, March 4th. This represents a yield of 0.2%. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's payout ratio is 5.56%.

Analyst Ratings Changes

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

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