Charles Schwab Investment Management Inc. Has $8.78 Million Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,083,298 shares of the mining company’s stock after selling 43,643 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of Hudbay Minerals worth $8,783,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Prospera Private Wealth LLC acquired a new stake in Hudbay Minerals during the 3rd quarter valued at $28,000. Plato Investment Management Ltd acquired a new stake in Hudbay Minerals during the 4th quarter valued at $95,000. First Affirmative Financial Network lifted its holdings in Hudbay Minerals by 39.2% during the 4th quarter. First Affirmative Financial Network now owns 15,563 shares of the mining company’s stock valued at $126,000 after purchasing an additional 4,386 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Hudbay Minerals by 32.1% during the 4th quarter. Ballentine Partners LLC now owns 20,820 shares of the mining company’s stock valued at $169,000 after purchasing an additional 5,064 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Hudbay Minerals during the 3rd quarter valued at $178,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Stock Down 2.1 %

HBM stock opened at $8.15 on Friday. 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 $3.22 billion, a price-to-earnings ratio of 45.25 and a beta of 1.72. The business’s fifty day moving average price is $8.13 and its two-hundred day moving average price is $8.49. Hudbay Minerals Inc. has a fifty-two week low of $6.42 and a fifty-two week high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm 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 firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities analysts anticipate that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 4th were given a $0.007 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.2%. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a report on Wednesday. StockNews.com upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a research report on Friday, February 7th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $11.50.

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.