Nokomis Capital L.L.C. Has $5.75 Million Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Nokomis Capital L.L.C. raised its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 709,312 shares of the mining company's stock after acquiring an additional 100,990 shares during the period. Hudbay Minerals makes up 2.0% of Nokomis Capital L.L.C.'s holdings, making the stock its 20th largest position. Nokomis Capital L.L.C. owned approximately 0.18% of Hudbay Minerals worth $5,745,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in shares of Hudbay Minerals by 9,877.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after buying an additional 3,062 shares in the last quarter. Algert Global LLC bought a new stake in shares of Hudbay Minerals in the 4th quarter worth $86,000. Plato Investment Management Ltd bought a new stake in shares of Hudbay Minerals in the 4th quarter worth $95,000. Hsbc Holdings PLC bought a new stake in shares of Hudbay Minerals in the 4th quarter worth $97,000. Finally, Advisory Services Network LLC bought a new stake in shares of Hudbay Minerals in the 4th quarter worth $101,000. Institutional investors own 57.82% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank reissued an "outperform" rating on shares of Hudbay Minerals in a research note on Tuesday. Stifel Canada raised Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets assumed coverage on Hudbay Minerals in a research note on Wednesday, April 16th. They issued an "outperform" rating on the stock. Desjardins assumed coverage on Hudbay Minerals in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, StockNews.com raised Hudbay Minerals from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Four investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $14.00.

Hudbay Minerals Trading Down 2.8%

Shares of Hudbay Minerals stock traded down $0.24 on Friday, reaching $8.13. 6,445,420 shares of the company were exchanged, compared to its average volume of 4,899,841. The stock has a fifty day moving average price of $7.49 and a 200-day moving average price of $8.15. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 45.14 and a beta of 1.56. The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. Hudbay Minerals Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced 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. The company had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. Hudbay Minerals's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 earnings per share. On average, analysts expect that Hudbay Minerals Inc. will post 0.79 EPS for the current year.

Hudbay Minerals Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were given a dividend of $0.007 per share. This represents a yield of 0.2%. This is a positive change 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 payout ratio is presently 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.