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

Gotham Asset Management LLC reduced its position in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,842 shares of the mining company's stock after selling 167,785 shares during the quarter. Gotham Asset Management LLC owned about 0.07% of Hudbay Minerals worth $2,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Encompass Capital Advisors LLC boosted its position in Hudbay Minerals by 99.1% during the 4th quarter. Encompass Capital Advisors LLC now owns 3,484,227 shares of the mining company's stock valued at $28,246,000 after acquiring an additional 1,734,255 shares in the last quarter. Deutsche Bank AG boosted its position in Hudbay Minerals by 90.5% during the fourth quarter. Deutsche Bank AG now owns 26,582 shares of the mining company's stock valued at $215,000 after purchasing an additional 12,630 shares in the last quarter. Eagle Global Advisors LLC purchased a new position in Hudbay Minerals in the fourth quarter valued at about $168,000. CastleKnight Management LP grew its stake in Hudbay Minerals by 12.4% in the fourth quarter. CastleKnight Management LP now owns 1,561,700 shares of the mining company's stock valued at $12,659,000 after purchasing an additional 172,100 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Hudbay Minerals by 24.3% in the fourth quarter. Cetera Investment Advisers now owns 19,224 shares of the mining company's stock worth $156,000 after purchasing an additional 3,760 shares in the last quarter. 57.82% of the stock is owned by institutional investors.

Hudbay Minerals Stock Performance

Hudbay Minerals stock traded up $0.14 during mid-day trading on Monday, reaching $8.26. 4,506,705 shares of the company traded hands, compared to its average volume of 4,891,222. The firm's fifty day moving average is $7.49 and its two-hundred day moving average is $8.13. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 45.89 and a beta of 1.56. 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 debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

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 company had revenue of $594.90 million during the quarter, compared to analyst estimates of $537.36 million. During the same quarter last year, the business posted $0.22 EPS. The firm's quarterly revenue was up 13.3% 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 company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were paid 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 of this dividend was Tuesday, March 4th. Hudbay Minerals's dividend payout ratio (DPR) is presently 2.63%.

Analysts Set New Price Targets

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

About Hudbay Minerals

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.