Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 36.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 294,842 shares of the mining company's stock after selling 167,785 shares during the period. Gotham Asset Management LLC owned approximately 0.07% of Hudbay Minerals worth $2,388,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Hudbay Minerals by 2,414.5% during the 3rd quarter. Barclays PLC now owns 86,475 shares of the mining company's stock worth $795,000 after purchasing an additional 83,036 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in Hudbay Minerals by 13.3% in the 4th quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company's stock valued at $20,858,000 after purchasing an additional 301,455 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Hudbay Minerals in the fourth quarter worth approximately $183,000. Galibier Capital Management Ltd. grew its holdings in shares of Hudbay Minerals by 3.7% during 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 period. Finally, Cibc World Market Inc. increased its position in shares of Hudbay Minerals by 4.3% during the fourth quarter. Cibc World Market Inc. now owns 1,879,561 shares of the mining company's stock valued at $15,240,000 after acquiring an additional 78,267 shares during the last quarter. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Hudbay Minerals Stock Performance

NYSE:HBM traded up $0.17 during mid-day trading on Wednesday, reaching $8.57. The stock had a trading volume of 1,247,493 shares, compared to its average volume of 4,897,050. Hudbay Minerals Inc. has a twelve month low of $5.95 and a twelve month high of $10.49. The business has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $8.13. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 47.64 and a beta of 1.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.14. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business had revenue of $594.90 million during the quarter, compared to the consensus estimate of $537.36 million. During the same period in the prior year, the business posted $0.22 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were issued a $0.007 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a yield of 0.2%. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's dividend payout ratio (DPR) is 2.63%.

Hudbay Minerals Company 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.