Orion Resource Partners LP Takes Position in Hudbay Minerals Inc. (NYSE:HBM)

Orion Resource Partners LP acquired a new stake in shares of Hudbay Minerals Inc. (NYSE:HBM - Free Report) TSE: HBM during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 62,724 shares of the mining company's stock, valued at approximately $508,000. Hudbay Minerals makes up about 0.1% of Orion Resource Partners LP's portfolio, making the stock its 7th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Hudbay Minerals by 2,414.5% during the 3rd quarter. Barclays PLC now owns 86,475 shares of the mining company's stock valued at $795,000 after purchasing an additional 83,036 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Hudbay Minerals by 13.3% in the fourth quarter. Artemis Investment Management LLP now owns 2,574,709 shares of the mining company's stock worth $20,858,000 after buying an additional 301,455 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hudbay Minerals during the 4th quarter worth about $183,000. Tidal Investments LLC bought a new position in shares of Hudbay Minerals in the 3rd quarter valued at approximately $886,000. Finally, Galibier Capital Management Ltd. raised its stake in shares of Hudbay Minerals by 3.7% in the 4th quarter. Galibier Capital Management Ltd. now owns 2,613,432 shares of the mining company's stock valued at $21,188,000 after acquiring an additional 92,324 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on HBM. BMO Capital Markets started coverage on Hudbay Minerals in a research report on Wednesday, April 16th. They set an "outperform" rating for the company. Stifel Canada upgraded shares of Hudbay Minerals to a "strong-buy" rating in a research note on Wednesday, March 19th. StockNews.com raised shares of Hudbay Minerals from a "hold" rating to a "buy" rating in a research report on Friday, February 7th. Finally, Desjardins began coverage on Hudbay Minerals in a research report on Friday, April 4th. They issued a "buy" rating on the stock. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $14.00.

Hudbay Minerals Stock Performance

Hudbay Minerals stock traded down $0.06 during mid-day trading on Monday, reaching $7.41. The company had a trading volume of 3,415,015 shares, compared to its average volume of 4,768,118. The company has a 50 day moving average of $7.30 and a 200-day moving average of $8.23. Hudbay Minerals Inc. has a 52 week low of $5.95 and a 52 week high of $10.49. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 41.17 and a beta of 1.62.

Hudbay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 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 down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. On average, sell-side analysts expect that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were paid a dividend of $0.007 per share. This represents a yield of 0.2%. This is a boost from Hudbay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date was Tuesday, March 4th. Hudbay Minerals's dividend payout ratio is presently 5.56%.

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.