Temasek Holdings Private Ltd Buys 113,500 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Temasek Holdings Private Ltd boosted its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,917,271 shares of the mining company's stock after buying an additional 113,500 shares during the period. Temasek Holdings Private Ltd owned approximately 0.49% of Hudbay Minerals worth $15,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Artemis Investment Management LLP increased its stake in shares of Hudbay Minerals by 13.3% in the fourth quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company's stock worth $20,858,000 after acquiring an additional 301,455 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Hudbay Minerals in the fourth quarter valued at about $183,000. Galibier Capital Management Ltd. increased its position in Hudbay Minerals by 3.7% in the 4th quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company's stock worth $21,188,000 after purchasing an additional 92,324 shares during the last quarter. Cibc World Market Inc. increased its position in Hudbay Minerals by 4.3% in the 4th quarter. Cibc World Market Inc. now owns 1,879,561 shares of the mining company's stock worth $15,240,000 after purchasing an additional 78,267 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of Hudbay Minerals during the 4th quarter worth about $186,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HBM shares. BMO Capital Markets started coverage on shares of Hudbay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating for the company. Desjardins started coverage on Hudbay Minerals in a research note on Friday, April 4th. They set a "buy" rating for the company. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a report on Wednesday, March 19th. StockNews.com raised Hudbay Minerals from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Hudbay Minerals in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Hudbay Minerals currently has a consensus rating of "Buy" and an average price target of $14.00.

Hudbay Minerals Stock Performance

HBM stock traded up $0.15 during mid-day trading on Tuesday, reaching $8.40. 8,231,266 shares of the stock traded hands, compared to its average volume of 4,909,343. The firm has a market capitalization of $3.32 billion, a PE ratio of 46.67 and a beta of 1.56. The business has a 50-day moving average of $7.53 and a two-hundred day moving average of $8.13. Hudbay Minerals Inc. has a 52 week low of $5.95 and a 52 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 posted its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.14. The business had revenue of $594.90 million during the quarter, compared to analysts' expectations of $537.36 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. 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 firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were given a $0.007 dividend. This represents a dividend yield of 0.2%. This is a boost from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's dividend payout ratio is currently 2.63%.

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.