Boston Partners Buys Shares of 427,850 Hudbay Minerals Inc. (NYSE:HBM)

Boston Partners bought a new stake in Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 427,850 shares of the mining company's stock, valued at approximately $2,362,000. Boston Partners owned 0.12% of Hudbay Minerals at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HBM. L1 Capital Pty Ltd raised its holdings in Hudbay Minerals by 15.1% during the 3rd quarter. L1 Capital Pty Ltd now owns 16,299,356 shares of the mining company's stock valued at $79,378,000 after acquiring an additional 2,141,437 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Hudbay Minerals by 28.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,375,985 shares of the mining company's stock worth $51,836,000 after purchasing an additional 2,085,641 shares in the last quarter. Invesco Ltd. boosted its stake in Hudbay Minerals by 60.2% in the 3rd quarter. Invesco Ltd. now owns 6,998,581 shares of the mining company's stock worth $34,083,000 after purchasing an additional 2,630,780 shares during the period. Mackenzie Financial Corp grew its holdings in Hudbay Minerals by 33.8% during the 4th quarter. Mackenzie Financial Corp now owns 5,014,948 shares of the mining company's stock valued at $27,604,000 after buying an additional 1,266,717 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its position in shares of Hudbay Minerals by 475.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 4,602,687 shares of the mining company's stock valued at $25,407,000 after buying an additional 3,802,687 shares during the period. 57.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Hudbay Minerals in a report on Tuesday, March 26th. They set a "buy" rating on the stock. Bank of America upgraded Hudbay Minerals from a "neutral" rating to a "buy" rating and set a $9.00 target price for the company in a research report on Tuesday, April 9th. StockNews.com cut Hudbay Minerals from a "buy" rating to a "hold" rating in a report on Monday, May 13th. Jefferies Financial Group began coverage on Hudbay Minerals in a report on Friday, May 3rd. They set a "hold" rating and a $13.00 price objective for the company. Finally, Raymond James raised their target price on shares of Hudbay Minerals from $9.00 to $10.50 and gave the company an "outperform" rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hudbay Minerals has a consensus rating of "Moderate Buy" and an average target price of $10.21.

Hudbay Minerals Trading Up 6.3 %

Shares of HBM stock traded up $0.61 on Friday, hitting $10.27. 6,661,440 shares of the company's stock traded hands, compared to its average volume of 3,513,483. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 44.65, a P/E/G ratio of 0.98 and a beta of 1.88. The company's fifty day simple moving average is $7.78 and its 200 day simple moving average is $6.10. Hudbay Minerals Inc. has a one year low of $3.94 and a one year high of $10.29. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.87 and a current ratio of 1.40.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings data on Tuesday, May 14th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.13. The firm had revenue of $524.99 million for the quarter, compared to analysts' expectations of $463.69 million. Hudbay Minerals had a return on equity of 6.22% and a net margin of 4.36%. Equities analysts forecast that Hudbay Minerals Inc. will post 0.42 EPS for the current year.

Hudbay Minerals Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 5th were issued a $0.0074 dividend. This represents a dividend yield of 0.3%. The ex-dividend date was Monday, March 4th. Hudbay Minerals's dividend payout ratio is 4.35%.

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.