Swiss National Bank Buys 8,500 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Swiss National Bank raised its stake in Hudbay Minerals Inc. (NYSE:HBM – Get Rating) (TSE:HBM) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 540,100 shares of the mining company’s stock after purchasing an additional 8,500 shares during the period. Swiss National Bank’s holdings in Hudbay Minerals were worth $2,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE increased its stake in Hudbay Minerals by 122.4% in the first quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock valued at $62,000 after purchasing an additional 4,347 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Hudbay Minerals by 29.5% during the second quarter. LPL Financial LLC now owns 19,520 shares of the mining company’s stock valued at $80,000 after buying an additional 4,450 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Hudbay Minerals by 1.0% during the first quarter. Mackenzie Financial Corp now owns 512,525 shares of the mining company’s stock valued at $4,032,000 after buying an additional 5,087 shares during the last quarter. Creative Planning grew its holdings in shares of Hudbay Minerals by 64.1% during the second quarter. Creative Planning now owns 16,409 shares of the mining company’s stock valued at $67,000 after buying an additional 6,409 shares during the last quarter. Finally, Lumbard & Kellner LLC grew its holdings in shares of Hudbay Minerals by 1.0% during the first quarter. Lumbard & Kellner LLC now owns 697,725 shares of the mining company’s stock valued at $5,476,000 after buying an additional 7,050 shares during the last quarter. 80.19% of the stock is owned by institutional investors.

Hudbay Minerals Stock Down 4.2 %

Hudbay Minerals stock opened at $4.54 on Wednesday. Hudbay Minerals Inc. has a fifty-two week low of $3.08 and a fifty-two week high of $6.34. The stock has a market cap of $1.19 billion, a PE ratio of 113.53, a price-to-earnings-growth ratio of 0.56 and a beta of 1.94. The firm’s 50-day simple moving average is $4.98 and its 200 day simple moving average is $5.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.82 and a current ratio of 1.21.

Hudbay Minerals (NYSE:HBM – Get Rating) (TSE:HBM) last released its earnings results on Friday, February 24th. The mining company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $321.20 million during the quarter, compared to analysts’ expectations of $395.63 million. Hudbay Minerals had a net margin of 0.87% and a return on equity of 1.38%. The firm’s revenue was down 24.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Research analysts predict that Hudbay Minerals Inc. will post 0.64 EPS for the current fiscal year.

Hudbay Minerals Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Friday, March 24th. Shareholders of record on Tuesday, March 7th were paid a $0.008 dividend. This represents a yield of 0.3%. The ex-dividend date was Monday, March 6th. Hudbay Minerals’s payout ratio is 25.01%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HBM. Stifel Nicolaus began coverage on shares of Hudbay Minerals in a report on Thursday, May 18th. They set a “buy” rating for the company. StockNews.com began coverage on shares of Hudbay Minerals in a report on Thursday, May 18th. They set a “hold” rating for the company. Scotiabank reduced their price objective on shares of Hudbay Minerals from C$11.00 to C$10.00 in a report on Tuesday, February 7th. National Bank Financial boosted their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 in a report on Monday, February 13th. Finally, Credit Suisse Group boosted their price target on shares of Hudbay Minerals from C$8.50 to C$9.00 in a report on Thursday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Hudbay Minerals has a consensus rating of “Hold” and an average price target of $10.11.

About Hudbay Minerals

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Hudbay Minerals, Inc operates as a mining company. The firm engages in the production of copper concentrate, molybdenum concentrate and zinc metal. It focuses on the discovery, production and marketing of base and precious metals. The company was founded on January 16, 1996 and is headquartered in Toronto, Canada.