Yaupon Capital Management LP Sells 252,099 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Yaupon Capital Management LP lowered its stake in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 14.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,458,356 shares of the mining company's stock after selling 252,099 shares during the period. Yaupon Capital Management LP owned 0.37% of Hudbay Minerals worth $11,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBM. Tower Research Capital LLC TRC grew its stake in shares of Hudbay Minerals by 9,877.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after acquiring an additional 3,062 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Hudbay Minerals during the 4th quarter valued at about $95,000. Hsbc Holdings PLC purchased a new position in Hudbay Minerals in the fourth quarter worth about $97,000. Advisory Services Network LLC purchased a new stake in shares of Hudbay Minerals during the fourth quarter valued at approximately $101,000. Finally, Smith Moore & CO. increased its position in shares of 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. Institutional investors own 57.82% of the company's stock.

Analyst Upgrades and Downgrades

HBM has been the topic of a number of research analyst reports. StockNews.com raised Hudbay Minerals from a "hold" rating to a "buy" rating in a report on Friday, February 7th. Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. Desjardins initiated coverage on shares of Hudbay Minerals in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, BMO Capital Markets assumed coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They set an "outperform" rating on the stock. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals has a consensus rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals Stock Performance

Shares of Hudbay Minerals stock traded up $0.30 during trading hours on Thursday, reaching $7.55. 5,174,474 shares of the stock traded hands, compared to its average volume of 4,763,344. The company has a 50 day moving average price of $7.33 and a 200 day moving average price of $8.32. Hudbay Minerals Inc. has a one year low of $5.95 and a one year high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 41.95 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings data 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 business had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. During the same period in the previous year, the firm earned $0.20 EPS. The company's revenue was down 2.9% on a year-over-year basis. On average, equities research analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

Hudbay Minerals Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, March 4th. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. Hudbay Minerals's 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.