Callan Family Office LLC Acquires New Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Callan Family Office LLC bought a new position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) in the fourth quarter, HoldingsChannel reports. The firm bought 53,883 shares of the mining company’s stock, valued at approximately $436,000.

Several other hedge funds have also recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. increased its position in shares of Hudbay Minerals by 0.8% during the third quarter. Northwest & Ethical Investments L.P. now owns 197,289 shares of the mining company’s stock worth $1,815,000 after acquiring an additional 1,487 shares in the last quarter. Sprott Inc. increased its holdings in Hudbay Minerals by 3.5% during the 4th quarter. Sprott Inc. now owns 63,662 shares of the mining company’s stock worth $516,000 after purchasing an additional 2,162 shares in the last quarter. MQS Management LLC increased its holdings in Hudbay Minerals by 8.2% during the 3rd quarter. MQS Management LLC now owns 34,231 shares of the mining company’s stock worth $315,000 after purchasing an additional 2,592 shares in the last quarter. FMR LLC raised its stake in shares of Hudbay Minerals by 0.7% in the 3rd quarter. FMR LLC now owns 354,392 shares of the mining company’s stock valued at $3,260,000 after purchasing an additional 2,624 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in shares of Hudbay Minerals in the third quarter valued at about $28,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $11.17.

Hudbay Minerals Trading Down 3.7 %

Shares of NYSE:HBM opened at $6.97 on Monday. The company’s 50-day moving average price is $8.28 and its two-hundred day moving average price is $8.52. Hudbay Minerals Inc. has a one year low of $6.20 and a one year high of $10.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. The stock has a market capitalization of $2.75 billion, a PE ratio of 38.70 and a beta of 1.72.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Wednesday, February 19th. The mining company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $584.90 million for the quarter, compared to the consensus estimate of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 EPS. On average, equities analysts forecast 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 will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th will be issued a $0.007 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, March 4th. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s dividend payout ratio is presently 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.