American Century Companies Inc. Raises Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

American Century Companies Inc. boosted its position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 239.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,044,720 shares of the mining company’s stock after purchasing an additional 1,442,140 shares during the quarter. American Century Companies Inc. owned approximately 0.52% of Hudbay Minerals worth $18,503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in shares of Hudbay Minerals in the 1st quarter worth about $35,000. Banque Cantonale Vaudoise lifted its holdings in shares of Hudbay Minerals by 38.7% during the first quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock valued at $45,000 after purchasing an additional 1,806 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Hudbay Minerals in the 2nd quarter worth approximately $96,000. Liontrust Investment Partners LLP purchased a new stake in shares of Hudbay Minerals in the 2nd quarter worth approximately $100,000. Finally, Ballentine Partners LLC bought a new position in Hudbay Minerals during the 1st quarter valued at approximately $85,000. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Hudbay Minerals Trading Down 1.1 %

Hudbay Minerals stock opened at $7.82 on Friday. Hudbay Minerals Inc. has a one year low of $3.94 and a one year high of $10.49. The business’s fifty day moving average is $7.76 and its 200 day moving average is $8.13. The stock has a market capitalization of $3.08 billion, a PE ratio of 33.98 and a beta of 1.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.86 and a quick ratio of 1.49.

Hudbay Minerals Cuts Dividend

The business also recently declared 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. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, September 3rd. Hudbay Minerals’s payout ratio is presently 4.35%.

Analyst Ratings Changes

HBM has been the topic of a number of recent research reports. Jefferies Financial Group raised Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, StockNews.com lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $10.88.

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.