Hudbay Minerals Inc. (NYSE:HBM) Shares Sold by Numerai GP LLC

Numerai GP LLC lessened its position in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM by 65.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,701 shares of the mining company's stock after selling 91,430 shares during the quarter. Numerai GP LLC's holdings in Hudbay Minerals were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hudbay Minerals by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company's stock worth $123,852,000 after purchasing an additional 255,191 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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. Invesco Ltd. grew its holdings in shares of Hudbay Minerals by 2.7% in the fourth quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company's stock worth $95,708,000 after acquiring an additional 314,619 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Hudbay Minerals by 86.9% in the fourth 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 grew its holdings in shares of Hudbay Minerals by 4.9% in the fourth 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 period. Hedge funds and other institutional investors own 57.82% of the company's stock.

Analyst Upgrades and Downgrades

HBM has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on Hudbay Minerals in a report on Wednesday, April 16th. They issued an "outperform" rating on the stock. Desjardins started coverage on Hudbay Minerals in a report on Friday, April 4th. They issued a "buy" rating on the stock. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. Scotiabank restated an "outperform" rating on shares of Hudbay Minerals in a research note on Tuesday, May 13th. Finally, StockNews.com upgraded shares of Hudbay Minerals from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Hudbay Minerals has a consensus rating of "Buy" and an average target price of $14.00.

Hudbay Minerals Stock Performance

Shares of HBM traded up $0.14 during mid-day trading on Monday, hitting $8.26. 4,506,705 shares of the company's stock were exchanged, compared to its average volume of 4,891,222. 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 fifty-two week low of $5.95 and a fifty-two week high of $10.49. The business's 50 day moving average is $7.49 and its two-hundred day moving average is $8.13. The firm has a market capitalization of $3.26 billion, a P/E ratio of 45.89 and a beta of 1.56.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities analysts expect 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. 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%.

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.