Numerai GP LLC Lowers Stock Position in Hudbay Minerals Inc. (NYSE:HBM)

Numerai GP LLC lessened its stake in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 65.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 47,701 shares of the mining company's stock after selling 91,430 shares during the period. Numerai GP LLC's holdings in Hudbay Minerals were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HBM. Pictet Asset Management Holding SA grew its stake in shares of Hudbay Minerals by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 66,380 shares of the mining company's stock worth $538,000 after acquiring an additional 1,278 shares in the last quarter. Sprott Inc. raised its holdings in shares of Hudbay Minerals by 3.5% in the 4th quarter. Sprott Inc. now owns 63,662 shares of the mining company's stock valued at $516,000 after purchasing an additional 2,162 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Hudbay Minerals by 3.9% during the 4th quarter. Alliancebernstein L.P. now owns 72,730 shares of the mining company's stock worth $589,000 after purchasing an additional 2,740 shares during the last quarter. Smith Moore & CO. increased its holdings in Hudbay Minerals by 28.4% in the fourth quarter. Smith Moore & CO. now owns 13,716 shares of the mining company's stock valued at $111,000 after buying an additional 3,032 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Hudbay Minerals by 9,877.4% during 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 during the last quarter. Hedge funds and other institutional investors own 57.82% of the company's stock.

Hudbay Minerals Stock Performance

HBM stock traded up $0.24 on Wednesday, hitting $8.64. The company's stock had a trading volume of 2,981,800 shares, compared to its average volume of 4,902,225. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 48.03 and a beta of 1.56. The firm has a 50 day moving average of $7.53 and a two-hundred day 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 Inc. has a 1 year low of $5.95 and a 1 year high of $10.49.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.14. Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The company had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. During the same period in the previous year, the business posted $0.22 earnings per share. Hudbay Minerals's quarterly revenue was up 13.3% on a year-over-year basis. Equities analysts predict that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were issued a $0.007 dividend. The ex-dividend date was Tuesday, March 4th. This represents a dividend yield of 0.2%. This is a positive change from Hudbay Minerals's previous semi-annual dividend of $0.01. Hudbay Minerals's payout ratio is presently 2.63%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HBM shares. Scotiabank reaffirmed an "outperform" rating on shares of Hudbay Minerals in a report on Tuesday, May 13th. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. BMO Capital Markets initiated coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They issued an "outperform" rating for the company. StockNews.com raised Hudbay Minerals from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Desjardins initiated coverage on Hudbay Minerals in a research 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 MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $14.00.

Hudbay Minerals 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.