Vontobel Holding Ltd. Decreases Stake in Hudbay Minerals Inc. (NYSE:HBM)

Vontobel Holding Ltd. lowered its holdings in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,214 shares of the mining company’s stock after selling 389,386 shares during the quarter. Vontobel Holding Ltd. owned 0.19% of Hudbay Minerals worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HBM. Raymond James & Associates purchased a new position in shares of Hudbay Minerals in the first quarter worth $131,000. Bank of New York Mellon Corp increased its position in Hudbay Minerals by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 75,817 shares of the mining company’s stock valued at $595,000 after acquiring an additional 14,683 shares during the last quarter. US Bancorp DE increased its position in Hudbay Minerals by 122.4% during the first quarter. US Bancorp DE now owns 7,899 shares of the mining company’s stock valued at $62,000 after acquiring an additional 4,347 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Hudbay Minerals during the first quarter valued at $442,000. Finally, BlackRock Inc. increased its position in Hudbay Minerals by 81.5% during the first quarter. BlackRock Inc. now owns 95,254 shares of the mining company’s stock valued at $748,000 after acquiring an additional 42,769 shares during the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Price Performance

Shares of Hudbay Minerals stock opened at $7.60 on Thursday. The stock has a 50 day moving average of $6.48 and a 200 day moving average of $5.47. Hudbay Minerals Inc. has a 12 month low of $3.94 and a 12 month high of $8.11. The firm has a market cap of $2.67 billion, a PE ratio of 38.00, a PEG ratio of 0.75 and a beta of 1.95. The company has a current ratio of 1.25, a quick ratio of 0.87 and a debt-to-equity ratio of 0.61.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Friday, February 23rd. The mining company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Hudbay Minerals had a return on equity of 3.86% and a net margin of 3.95%. The company had revenue of $602.20 million during the quarter, compared to analyst estimates of $552.74 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm’s revenue was up 87.5% on a year-over-year basis. On average, research analysts expect that Hudbay Minerals Inc. will post 0.44 EPS for the current fiscal year.

Hudbay Minerals Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 5th were given a dividend of $0.0074 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a yield of 0.3%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HBM. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Stifel Nicolaus began coverage on Hudbay Minerals in a research report on Tuesday, March 26th. They set a “buy” rating for the company. Bank of America raised Hudbay Minerals from a “neutral” rating to a “buy” rating and set a $9.00 price target for the company in a report on Tuesday, April 9th. Finally, Raymond James boosted their price target on Hudbay Minerals from $9.00 to $10.50 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $9.75.

Hudbay Minerals 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.