7 hours Ago By ABMN Staff
Marshall Wace LLP bought a new position in shares of Hudbay Minerals Inc. ( NYSE:HBM – Free Report ) (TSE:HBM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 132,500 shares of the mining company’s stock, valued at approximately $1,073,000.
A number of other large investors also recently bought and sold shares of the company. Pictet Asset Management Holding SA lifted its holdings in Hudbay Minerals by 2.0% during the 4th quarter.
Pictet Asset Management Holding SA now owns 66,380 shares of the mining company’s stock worth $538,000 after buying an additional 1,278 shares during the last quarter. Sprott Inc. boosted its position in Hudbay Minerals by 3.
5% during the 4th quarter. Sprott Inc. now owns 63,662 shares of the mining company’s stock valued at $516,000 after purchasing an additional 2,162 shares during the period.
Alliancebernstein L.P. grew its stake in Hudbay Minerals by 3.
9% during the 4th quarter. Alliancebernstein L.P.
now owns 72,730 shares of the mining company’s stock worth $589,000 after buying an additional 2,740 shares during the last quarter. Smith Moore & CO. lifted its stake in Hudbay Minerals by 28.
4% in the fourth quarter. Smith Moore & CO. now owns 13,716 shares of the mining company’s stock valued at $111,000 after buying an additional 3,032 shares during the last quarter.
Finally, Oliver Luxxe Assets LLC boosted its holdings in shares of Hudbay Minerals by 2.5% during the fourth quarter. Oliver Luxxe Assets LLC now owns 132,498 shares of the mining company’s stock valued at $1,073,000 after acquiring an additional 3,282 shares during the period.
Institutional investors own 57.82% of the company’s stock. Analysts Set New Price Targets Several research firms have recently commented on HBM.
Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. BMO Capital Markets began coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They set an “outperform” rating for the company.
StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Desjardins initiated coverage on shares of Hudbay Minerals in a research report on Friday, April 4th.
They set a “buy” rating for the company. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $14.
00. Hudbay Minerals Stock Performance HBM stock opened at $7.45 on Wednesday.
The company has a market capitalization of $2.94 billion, a P/E ratio of 41.39 and a beta of 1.
62. The company has a 50-day simple moving average of $7.29 and a 200 day simple moving average of $8.
28. Hudbay Minerals Inc. has a fifty-two week low of $5.
95 and a fifty-two week 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.
Hudbay Minerals ( NYSE:HBM – Get Free Report ) (TSE:HBM) last released 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). The business had revenue of $584.
90 million for the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a net margin of 3.
80% and a return on equity of 7.29%. The firm’s revenue for the quarter was down 2.
9% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share.
Sell-side analysts predict 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. Stockholders of record on Tuesday, March 4th were given a dividend of $0.007 per share.
This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, March 4th.
This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s dividend payout ratio is 5.
56%. About Hudbay Minerals ( 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.
Further Reading Want to see what other hedge funds are holding HBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudbay Minerals Inc. ( NYSE:HBM – Free Report ) (TSE:HBM).
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