Ausbil Investment Management Ltd Boosts Position in Hudbay Minerals Inc. (NYSE:HBM)

Ausbil Investment Management Ltd raised its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 21.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,000 shares of the mining company’s stock after buying an additional 23,000 shares during the period. Ausbil Investment Management Ltd’s holdings in Hudbay Minerals were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Hudbay Minerals by 3.2% in the first quarter. Vanguard Group Inc. now owns 8,694,436 shares of the mining company’s stock valued at $60,861,000 after purchasing an additional 272,635 shares during the period. Condire Management LP grew its position in shares of Hudbay Minerals by 4.2% during the 1st quarter. Condire Management LP now owns 4,226,553 shares of the mining company’s stock worth $29,586,000 after buying an additional 169,310 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hudbay Minerals by 24.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,545,340 shares of the mining company’s stock valued at $32,084,000 after buying an additional 702,170 shares during the period. TD Asset Management Inc increased its stake in shares of Hudbay Minerals by 199.4% during the second quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock valued at $26,294,000 after buying an additional 1,935,709 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Hudbay Minerals by 92.7% in the first quarter. Jennison Associates LLC now owns 2,821,920 shares of the mining company’s stock valued at $19,757,000 after acquiring an additional 1,357,241 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors.

Hudbay Minerals Stock Down 0.2 %

Shares of NYSE HBM traded down $0.02 during trading hours on Thursday, hitting $9.31. 1,410,402 shares of the stock were exchanged, compared to its average volume of 3,100,255. The company has a market cap of $3.66 billion, a PE ratio of 41.04 and a beta of 1.77. Hudbay Minerals Inc. has a 12 month low of $3.94 and a 12 month high of $10.49. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $8.35 and a 200-day moving average price of $8.53.

Hudbay Minerals Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.007 per share. The ex-dividend date was Tuesday, September 3rd. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio is presently 4.35%.

Analyst Ratings Changes

A number of research analysts have commented on HBM shares. StockNews.com downgraded shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Jefferies Financial Group raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Finally, Stifel Canada upgraded Hudbay Minerals to a “strong-buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $11.17.

About Hudbay Minerals

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.