Moore Capital Management LP Takes Position in Hudbay Minerals Inc. (NYSE:HBM)

Moore Capital Management LP purchased a new position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 544,377 shares of the mining company's stock, valued at approximately $4,409,000. Moore Capital Management LP owned about 0.14% of Hudbay Minerals as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Hudbay Minerals by 9,877.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after purchasing an additional 3,062 shares during the period. Algert Global LLC purchased a new stake in shares of Hudbay Minerals during the fourth quarter valued at $86,000. Plato Investment Management Ltd purchased a new stake in shares of Hudbay Minerals during the fourth quarter valued at $95,000. Hsbc Holdings PLC purchased a new stake in shares of Hudbay Minerals during the fourth quarter valued at $97,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Hudbay Minerals during the fourth quarter valued at $101,000. Institutional investors own 57.82% of the company's stock.

Hudbay Minerals Stock Performance

NYSE HBM traded down $0.24 during trading hours on Friday, reaching $8.13. The stock had a trading volume of 6,445,420 shares, compared to its average volume of 4,892,766. The stock has a fifty day moving average of $7.49 and a 200 day moving average of $8.13. The stock has a market cap of $3.21 billion, a P/E ratio of 45.14 and a beta of 1.56. Hudbay Minerals Inc. has a 52-week low of $5.95 and a 52-week high of $10.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86.

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 EPS for the quarter, topping the consensus estimate of $0.10 by $0.14. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business's quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts predict that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were paid a $0.007 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Hudbay Minerals's previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. Hudbay Minerals's dividend payout ratio (DPR) is 2.63%.

Analyst Upgrades and Downgrades

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