Todd Asset Management LLC Has $3.21 Million Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Todd Asset Management LLC raised its position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 31.2% during the fourth quarter, Holdings Channel reports. The firm owned 395,700 shares of the mining company’s stock after purchasing an additional 94,200 shares during the period. Todd Asset Management LLC’s holdings in Hudbay Minerals were worth $3,205,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HBM. Prospera Private Wealth LLC bought a new position in Hudbay Minerals during the third quarter worth $28,000. First Affirmative Financial Network grew its holdings in Hudbay Minerals by 39.2% during the 4th quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company’s stock worth $126,000 after acquiring an additional 4,386 shares during the period. Ballentine Partners LLC raised its position in shares of Hudbay Minerals by 32.1% in the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company’s stock worth $169,000 after acquiring an additional 5,064 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Hudbay Minerals in the 3rd quarter valued at about $178,000. Finally, Savant Capital LLC bought a new stake in shares of Hudbay Minerals during the 4th quarter valued at about $180,000. 57.82% of the stock is owned by institutional investors.

Hudbay Minerals Trading Down 1.9 %

NYSE:HBM opened at $7.11 on Wednesday. The firm has a fifty day simple moving average of $8.45 and a two-hundred day simple moving average of $8.55. Hudbay Minerals Inc. has a 12 month low of $5.45 and a 12 month high of $10.49. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 39.47 and a beta of 1.74. 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 (NYSE:HBM) (TSE:HBM) last issued its earnings results on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The firm had revenue of $584.90 million during the quarter, compared to analyst estimates of $588.28 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.007 per share. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a dividend yield of 0.2%. Hudbay Minerals’s payout ratio is currently 5.56%.

Analyst Ratings Changes

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

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.