Hudbay Minerals Inc. (NYSE:HBM) Position Increased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,838 shares of the mining company’s stock after buying an additional 36,657 shares during the period. Vontobel Holding Ltd. owned 0.05% of Hudbay Minerals worth $1,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new position in Hudbay Minerals during the 1st quarter valued at about $35,000. Exchange Traded Concepts LLC acquired a new stake in Hudbay Minerals in the 3rd quarter valued at approximately $53,000. Banque Cantonale Vaudoise boosted its position in Hudbay Minerals by 38.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock worth $45,000 after acquiring an additional 1,806 shares during the period. Ritholtz Wealth Management bought a new position in shares of Hudbay Minerals in the second quarter worth $96,000. Finally, Armistice Capital LLC acquired a new position in shares of Hudbay Minerals during the second quarter valued at $97,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Analyst Upgrades and Downgrades

HBM has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. StockNews.com lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, Stifel Canada raised 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Hudbay Minerals has an average rating of “Buy” and a consensus target price of $11.17.

Hudbay Minerals Stock Performance

NYSE:HBM opened at $9.47 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $8.23 and a 200-day moving average of $8.49. Hudbay Minerals Inc. has a twelve month low of $3.94 and a twelve month high of $10.49. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 41.17 and a beta of 1.77.

Hudbay Minerals Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were issued a $0.007 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio is currently 4.35%.

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.