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Hudbay Minerals Inc. (NYSE:HBM) Stock Holdings Boosted by Nokomis Capital L.L.C.

Hudbay Minerals logo with Basic Materials background

Nokomis Capital L.L.C. raised its position in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 16.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 709,312 shares of the mining company's stock after purchasing an additional 100,990 shares during the quarter. Hudbay Minerals accounts for about 2.0% of Nokomis Capital L.L.C.'s investment portfolio, making the stock its 20th largest position. Nokomis Capital L.L.C. owned approximately 0.18% of Hudbay Minerals worth $5,745,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hudbay Minerals by 14.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company's stock worth $118,874,000 after acquiring an additional 1,822,601 shares during the period. Moore Capital Management LP purchased a new position in shares of Hudbay Minerals during the 4th quarter worth $4,409,000. Encompass Capital Advisors LLC raised its holdings in shares of 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 worth $28,246,000 after acquiring an additional 1,734,255 shares during the period. Deutsche Bank AG increased its position in shares of Hudbay Minerals by 90.5% during the 4th quarter. Deutsche Bank AG now owns 26,582 shares of the mining company's stock worth $215,000 after purchasing an additional 12,630 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in shares of Hudbay Minerals during the 4th quarter worth about $168,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

Hudbay Minerals Price Performance

Shares of HBM stock traded up $0.11 during mid-day trading on Monday, reaching $8.23. The stock had a trading volume of 1,253,346 shares, compared to its average volume of 4,878,937. Hudbay Minerals Inc. has a 12-month low of $5.95 and a 12-month high of $10.49. The company has a market cap of $3.25 billion, a P/E ratio of 45.70 and a beta of 1.56. The business has a 50-day simple moving average of $7.49 and a 200 day simple moving average of $8.13. 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 (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.14. The business 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%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, sell-side analysts anticipate that Hudbay Minerals Inc. will post 0.79 earnings per share for the current 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 given a $0.007 dividend. This represents a dividend yield of 0.2%. This is a positive change 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 presently 2.63%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on HBM

Hudbay Minerals Company Profile

(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.

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Institutional Ownership by Quarter for Hudbay Minerals (NYSE:HBM)

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