Hudbay Minerals Inc. (NYSE:HBM) Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. raised its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 50.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the mining company’s stock after buying an additional 25,000 shares during the period. U S Global Investors Inc.’s holdings in Hudbay Minerals were worth $608,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sprott Inc. grew its stake in 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 acquiring an additional 2,162 shares during the last quarter. Todd Asset Management LLC raised its position in shares of Hudbay Minerals by 31.2% in the fourth quarter. Todd Asset Management LLC now owns 395,700 shares of the mining company’s stock valued at $3,205,000 after buying an additional 94,200 shares during the last quarter. CIBC Asset Management Inc boosted its position in Hudbay Minerals by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 505,598 shares of the mining company’s stock worth $4,092,000 after acquiring an additional 22,559 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Hudbay Minerals by 25.3% in the 4th quarter. Sanctuary Advisors LLC now owns 24,503 shares of the mining company’s stock worth $209,000 after acquiring an additional 4,946 shares during the period. Finally, Savant Capital LLC acquired a new stake in shares of Hudbay Minerals during the fourth quarter worth $180,000. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Five 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.com, Hudbay Minerals currently has a consensus rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Stock Down 4.8 %

Shares of Hudbay Minerals stock opened at $7.06 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. Hudbay Minerals Inc. has a 1-year low of $5.71 and a 1-year high of $10.49. The business has a 50-day moving average of $8.42 and a 200-day moving average of $8.53. The company has a market capitalization of $2.79 billion, a PE ratio of 39.20 and a beta of 1.74.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The business had revenue of $584.90 million during the quarter, compared to analyst estimates of $588.28 million. During the same period in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, equities analysts forecast that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 4th will be given a dividend of $0.007 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a 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 currently 5.56%.

Hudbay Minerals Company 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.