Man Group plc lifted its holdings in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,260,362 shares of the mining company's stock after purchasing an additional 122,175 shares during the period. Man Group plc owned 0.57% of Hudbay Minerals worth $18,316,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Hudbay Minerals by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company's stock valued at $123,852,000 after purchasing an additional 255,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hudbay Minerals by 14.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company's stock valued at $118,874,000 after buying an additional 1,822,601 shares during the last quarter. Invesco Ltd. grew its stake in Hudbay Minerals by 2.7% in the 4th quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company's stock valued at $95,708,000 after buying an additional 314,619 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Hudbay Minerals by 86.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock worth $74,105,000 after acquiring an additional 4,253,400 shares during the period. Finally, Bank of Montreal Can lifted its position in Hudbay Minerals by 4.9% during the 4th quarter. Bank of Montreal Can now owns 8,065,777 shares of the mining company's stock worth $65,342,000 after acquiring an additional 374,258 shares during the last quarter. 57.82% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
HBM has been the topic of several research analyst reports. Scotiabank reaffirmed 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 report on Tuesday, May 13th. BMO Capital Markets initiated coverage on Hudbay Minerals in a research report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Desjardins assumed coverage on 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 investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $14.00.
View Our Latest Stock Report on Hudbay Minerals
Hudbay Minerals Stock Performance
HBM stock traded up $0.08 during trading on Wednesday, reaching $8.48. 7,145,007 shares of the stock were exchanged, compared to its average volume of 4,918,244. Hudbay Minerals Inc. has a twelve month low of $5.95 and a twelve month high of $10.49. 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 company has a market capitalization of $3.35 billion, a P/E ratio of 47.09 and a beta of 1.56. The stock has a 50 day simple moving average of $7.53 and a 200-day simple moving average of $8.13.
Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $0.22 EPS. As a group, sell-side analysts anticipate that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.
Hudbay Minerals Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were given a $0.007 dividend. This is a boost from Hudbay Minerals's previous semi-annual dividend of $0.01. This represents a yield of 0.2%. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's dividend payout ratio (DPR) is 2.63%.
Hudbay Minerals Company Profile
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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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