Hudbay Minerals (NYSE:HBM) Hits New 12-Month Low - Time to Sell?

Shares of Hudbay Minerals Inc. (NYSE:HBM - Get Free Report) TSE: HBM hit a new 52-week low on Friday . The company traded as low as $6.26 and last traded at $6.21, with a volume of 2189206 shares changing hands. The stock had previously closed at $7.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HBM shares. StockNews.com raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Desjardins initiated coverage on shares of Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating for the company. Finally, Stifel Canada raised shares of Hudbay Minerals to a "strong-buy" rating in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $11.50.

Hudbay Minerals Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.47 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average price is $7.82 and its 200-day moving average price is $8.50. The company has a market capitalization of $2.74 billion, a P/E ratio of 38.50 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. As a group, equities analysts expect that Hudbay Minerals Inc. will post 0.79 EPS for the current year.

Hudbay Minerals Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.007 per share. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.2%. Hudbay Minerals's payout ratio is 5.56%.

Institutional Trading of Hudbay Minerals

Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of Hudbay Minerals by 300.9% in the third quarter. Toronto Dominion Bank now owns 226,841 shares of the mining company's stock valued at $2,085,000 after purchasing an additional 170,257 shares during the period. Barclays PLC increased its position in Hudbay Minerals by 2,414.5% in the 3rd quarter. Barclays PLC now owns 86,475 shares of the mining company's stock valued at $795,000 after acquiring an additional 83,036 shares during the period. Artemis Investment Management LLP increased its position 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 acquiring an additional 301,455 shares during the period. HighTower Advisors LLC bought a new stake in Hudbay Minerals during the 3rd quarter valued at $413,000. Finally, Tidal Investments LLC acquired a new position in Hudbay Minerals during the 3rd quarter worth $886,000. 57.82% of the stock is currently owned by institutional investors.

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.