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

U S Global Investors Inc. lifted its position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 50.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 75,000 shares of the mining company’s stock after buying an additional 25,000 shares during the quarter. U S Global Investors Inc.’s holdings in Hudbay Minerals were worth $608,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in shares of Hudbay Minerals during the third quarter worth $28,000. First Affirmative Financial Network lifted its stake in Hudbay Minerals by 39.2% during the fourth quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company’s stock valued at $126,000 after buying an additional 4,386 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Hudbay Minerals by 32.1% in the fourth quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company’s stock worth $169,000 after buying an additional 5,064 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Hudbay Minerals during the third quarter valued at approximately $178,000. Finally, Savant Capital LLC purchased a new stake in shares of Hudbay Minerals in the 4th quarter valued at approximately $180,000. Institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Stock Performance

Shares of HBM opened at $7.06 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.47 and a current ratio of 1.86. Hudbay Minerals Inc. has a 52 week low of $5.71 and a 52 week high of $10.49. The company’s 50 day moving average price is $8.42 and its 200 day moving average price is $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 posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. Research 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 will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be issued a $0.007 dividend. 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 dividend payout ratio (DPR) is 5.56%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note 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 stock. According to data from MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals 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.