Hudbay Minerals Inc. (NYSE:HBM) Stock Holdings Trimmed by Bard Associates Inc.

Bard Associates Inc. lowered its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,383 shares of the mining company’s stock after selling 3,238 shares during the period. Bard Associates Inc.’s holdings in Hudbay Minerals were worth $392,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HBM. Prospera Private Wealth LLC acquired a new position in shares of Hudbay Minerals during the 3rd quarter valued at $28,000. Plato Investment Management Ltd acquired a new position in shares of Hudbay Minerals during the 4th quarter valued at $95,000. First Affirmative Financial Network increased its position in shares of Hudbay Minerals by 39.2% during the 4th quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company’s stock valued at $126,000 after purchasing an additional 4,386 shares during the period. Ballentine Partners LLC increased its position in shares of Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company’s stock valued at $169,000 after purchasing an additional 5,064 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Hudbay Minerals during the 3rd quarter valued at $178,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals presently has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Performance

Shares of NYSE HBM opened at $6.90 on Tuesday. 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 stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 38.34 and a beta of 1.74. The stock’s fifty day simple moving average is $8.37 and its 200 day simple moving average is $8.54. Hudbay Minerals Inc. has a 52-week low of $5.95 and a 52-week high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued 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). The company had revenue of $584.90 million during the quarter, compared to analyst estimates 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 was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, sell-side analysts forecast that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

Hudbay Minerals Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th will be given a $0.007 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s dividend payout ratio (DPR) is 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.