American Century Companies Inc. Increases Holdings in Hudbay Minerals Inc. (NYSE:HBM)

American Century Companies Inc. increased its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 102.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,275,895 shares of the mining company’s stock after purchasing an additional 2,163,000 shares during the quarter. American Century Companies Inc. owned approximately 1.08% of Hudbay Minerals worth $34,684,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HBM. The Manufacturers Life Insurance Company grew its holdings in Hudbay Minerals by 9.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,346,659 shares of the mining company’s stock valued at $12,395,000 after buying an additional 117,275 shares in the last quarter. FMR LLC boosted its position in shares of Hudbay Minerals by 0.7% during the third quarter. FMR LLC now owns 354,392 shares of the mining company’s stock worth $3,260,000 after acquiring an additional 2,624 shares during the last quarter. Bridgewater Associates LP grew its position in shares of Hudbay Minerals by 124.2% during the third quarter. Bridgewater Associates LP now owns 764,988 shares of the mining company’s stock valued at $7,044,000 after purchasing an additional 423,748 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Hudbay Minerals by 20.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,804 shares of the mining company’s stock valued at $827,000 after buying an additional 15,258 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. grew its holdings in shares of Hudbay Minerals by 0.8% in the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company’s stock valued at $1,815,000 after purchasing an additional 1,487 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $11.50.

Hudbay Minerals Trading Down 3.9 %

Shares of HBM opened at $7.69 on Friday. The company’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $8.52. The company has a market cap of $3.04 billion, a P/E ratio of 42.70 and a beta of 1.72. 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 twelve month low of $6.42 and a twelve month high of $10.49.

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

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were given a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date was Tuesday, March 4th. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s dividend payout ratio is 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.