Hartree Partners LP Has $1.46 Million Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Hartree Partners LP lowered its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 70.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180,000 shares of the mining company’s stock after selling 421,368 shares during the quarter. Hartree Partners LP’s holdings in Hudbay Minerals were worth $1,458,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Mountaineer Partners Management LLC grew its position in Hudbay Minerals by 792.5% in the third quarter. Mountaineer Partners Management LLC now owns 10,323,605 shares of the mining company’s stock valued at $94,874,000 after purchasing an additional 9,166,952 shares in the last quarter. Norges Bank bought a new position in shares of Hudbay Minerals in the 4th quarter valued at about $50,260,000. American Century Companies Inc. increased its position in shares of Hudbay Minerals by 102.4% in the fourth quarter. American Century Companies Inc. now owns 4,275,895 shares of the mining company’s stock valued at $34,684,000 after acquiring an additional 2,163,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Hudbay Minerals by 111.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,777,571 shares of the mining company’s stock worth $30,602,000 after acquiring an additional 1,994,431 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Hudbay Minerals by 181.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,346,753 shares of the mining company’s stock valued at $10,909,000 after buying an additional 867,456 shares during the last quarter. 57.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HBM. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a report on Wednesday, March 19th. StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Friday, February 7th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $11.50.

Hudbay Minerals Trading Down 3.9 %

NYSE HBM opened at $7.69 on Friday. The business’s 50-day moving average price is $8.07 and its two-hundred day moving average price is $8.53. Hudbay Minerals Inc. has a 12 month low of $6.42 and a 12 month high of $10.49. The firm has a market capitalization of $3.04 billion, a PE 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 (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data 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). Hudbay Minerals had a net margin of 3.80% and a return on equity of 7.29%. The business had revenue of $584.90 million during the quarter, compared to analyst estimates of $588.28 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, analysts expect that Hudbay Minerals Inc. will post 0.79 EPS for the current year.

Hudbay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were given 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 was Tuesday, March 4th. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio (DPR) 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.