Hsbc Holdings PLC Makes New Investment in Hudbay Minerals Inc. (NYSE:HBM)

Hsbc Holdings PLC acquired a new position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,060 shares of the mining company’s stock, valued at approximately $97,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Hudbay Minerals by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company’s stock worth $123,852,000 after acquiring an additional 255,191 shares in the last quarter. Invesco Ltd. increased its position in shares of Hudbay Minerals by 2.7% in the fourth quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company’s stock valued at $95,708,000 after buying an additional 314,619 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hudbay Minerals by 86.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company’s stock valued at $74,105,000 after buying an additional 4,253,400 shares in the last quarter. Bank of Montreal Can increased its position in shares of Hudbay Minerals by 4.9% in the fourth quarter. Bank of Montreal Can now owns 8,065,777 shares of the mining company’s stock valued at $65,342,000 after buying an additional 374,258 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Hudbay Minerals by 0.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,800,892 shares of the mining company’s stock valued at $63,196,000 after buying an additional 44,237 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Stock Up 8.0%

HBM opened at $8.33 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. The firm has a market cap of $3.29 billion, a P/E ratio of 46.25 and a beta of 1.56. Hudbay Minerals Inc. has a 52 week low of $5.95 and a 52 week high of $10.49. The business’s fifty day simple moving average is $7.37 and its 200 day simple moving average is $8.16.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Monday, May 12th. The mining company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.14. The business had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.22 earnings per share. As a group, equities research analysts anticipate that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were paid a dividend of $0.007 per share. The ex-dividend date was Tuesday, March 4th. This represents a dividend 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 presently 5.56%.

Wall Street Analyst Weigh In

HBM has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on Hudbay Minerals in a research report on Wednesday, April 16th. They issued an “outperform” rating for the company. Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Desjardins initiated coverage on Hudbay Minerals in a research report on Friday, April 4th. They issued a “buy” rating for the company. Finally, StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.00.

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.