Campbell & CO Investment Adviser LLC acquired a new position in shares of Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,600 shares of the mining company's stock, valued at approximately $342,000.
Several other institutional investors and hedge funds have also bought and sold shares of HBM. American Century Companies Inc. lifted its position in Hudbay Minerals by 394.5% during the fourth quarter. American Century Companies Inc. now owns 184,378 shares of the mining company's stock worth $1,335,000 after purchasing an additional 147,091 shares during the period. CIBC Asset Management Inc raised its stake in Hudbay Minerals by 6.3% during the fourth quarter. CIBC Asset Management Inc now owns 202,634 shares of the mining company's stock worth $1,466,000 after acquiring an additional 11,950 shares in the last quarter. Bank of America Corp DE raised its stake in Hudbay Minerals by 33.5% during the fourth quarter. Bank of America Corp DE now owns 893,755 shares of the mining company's stock worth $6,480,000 after acquiring an additional 224,078 shares in the last quarter. Shell Asset Management Co. raised its stake in Hudbay Minerals by 16.6% during the fourth quarter. Shell Asset Management Co. now owns 25,989 shares of the mining company's stock worth $188,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Hudbay Minerals by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 514,274 shares of the mining company's stock worth $3,728,000 after acquiring an additional 25,483 shares in the last quarter. Institutional investors own 67.11% of the company's stock.
Get Hudbay Minerals alerts:Wall Street Analysts Forecast Growth
Several research analysts have commented on HBM shares. BMO Capital Markets lowered their target price on Hudbay Minerals from C$13.00 to C$12.50 in a research note on Tuesday, August 9th. Stifel Nicolaus lowered their target price on Hudbay Minerals from C$16.50 to C$12.00 in a research note on Tuesday, July 19th. StockNews.com downgraded Hudbay Minerals from a "buy" rating to a "hold" rating in a research note on Tuesday, April 19th. National Bank Financial downgraded Hudbay Minerals from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, July 19th. Finally, Raymond James upped their price objective on Hudbay Minerals from C$13.00 to C$14.00 in a research note on Wednesday, April 20th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.44.
Hudbay Minerals Stock Performance
NYSE:HBM opened at $4.56 on Monday. The company has a 50 day simple moving average of $4.17 and a two-hundred day simple moving average of $6.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.41 and a quick ratio of 0.97. Hudbay Minerals Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $8.75.Hudbay Minerals Announces Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be given a dividend of $0.008 per share. This represents a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 1st. Hudbay Minerals's dividend payout ratio is presently -6.06%.
Hudbay Minerals Profile
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Hudbay Minerals Inc, a diversified mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; silver/gold doré; molybdenum concentrates; and zinc metals.
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