Pendal Group Ltd acquired a new position in shares of Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 145,380 shares of the mining company's stock, valued at approximately $734,000. Pendal Group Ltd owned about 0.06% of Hudbay Minerals as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. US Bancorp DE raised its position in Hudbay Minerals by 122.4% in the first quarter. US Bancorp DE now owns 7,899 shares of the mining company's stock valued at $62,000 after purchasing an additional 4,347 shares during the period. LPL Financial LLC boosted its stake in Hudbay Minerals by 29.5% in the second quarter. LPL Financial LLC now owns 19,520 shares of the mining company's stock valued at $80,000 after acquiring an additional 4,450 shares during the period. Mackenzie Financial Corp boosted its stake in Hudbay Minerals by 1.0% in the first quarter. Mackenzie Financial Corp now owns 512,525 shares of the mining company's stock valued at $4,032,000 after acquiring an additional 5,087 shares during the period. Creative Planning boosted its stake in Hudbay Minerals by 64.1% in the second quarter. Creative Planning now owns 16,409 shares of the mining company's stock valued at $67,000 after acquiring an additional 6,409 shares during the period. Finally, Lumbard & Kellner LLC raised its holdings in shares of Hudbay Minerals by 1.0% during the first quarter. Lumbard & Kellner LLC now owns 697,725 shares of the mining company's stock valued at $5,476,000 after buying an additional 7,050 shares during the last quarter. Institutional investors and hedge funds own 80.19% of the company's stock.
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Hudbay Minerals Stock Performance
Hudbay Minerals stock opened at $5.04 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.17 and a quick ratio of 0.82. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 0.71 and a beta of 1.95. Hudbay Minerals Inc. has a one year low of $3.08 and a one year high of $8.23. The company's fifty day moving average price is $5.17 and its two-hundred day moving average price is $4.95.
Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last released its quarterly earnings results on Friday, February 24th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Hudbay Minerals had a net margin of 4.82% and a return on equity of 1.70%. The firm had revenue of $321.20 million for the quarter, compared to the consensus estimate of $395.63 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm's revenue was down 24.5% on a year-over-year basis. On average, analysts forecast that Hudbay Minerals Inc. will post 0.49 earnings per share for the current fiscal year.
Hudbay Minerals Announces Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Friday, March 24th. Investors of record on Tuesday, March 7th were paid a $0.008 dividend. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 6th. Hudbay Minerals's payout ratio is presently 3.85%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on HBM. Credit Suisse Group lifted their price target on Hudbay Minerals from C$8.50 to C$9.00 in a report on Thursday, February 2nd. StockNews.com began coverage on Hudbay Minerals in a report on Thursday, March 16th. They issued a "hold" rating for the company. Scotiabank reduced their target price on Hudbay Minerals from C$11.00 to C$10.00 in a report on Tuesday, February 7th. Finally, National Bank Financial upped their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 in a research note on Monday, February 13th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.47.
About Hudbay Minerals
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Hudbay Minerals, Inc operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.
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