Bard Associates Inc. Has $392,000 Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Bard Associates Inc. decreased its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,383 shares of the mining company’s stock after selling 3,238 shares during the period. Bard Associates Inc.’s holdings in Hudbay Minerals were worth $392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HBM. Prospera Private Wealth LLC acquired a new stake in Hudbay Minerals during the third quarter valued at $28,000. Plato Investment Management Ltd acquired a new stake in Hudbay Minerals during the fourth quarter valued at $95,000. First Affirmative Financial Network boosted its position in Hudbay Minerals by 39.2% during the fourth 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 boosted its position in Hudbay Minerals by 32.1% during the fourth 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 third quarter valued at $178,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Hudbay Minerals Price Performance

Shares of NYSE:HBM opened at $6.90 on Tuesday. Hudbay Minerals Inc. has a fifty-two week low of $5.95 and a fifty-two week high of $10.49. The business has a 50-day moving average of $8.37 and a two-hundred day moving average of $8.54. The stock has a market capitalization of $2.73 billion, a P/E ratio of 38.34 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $584.90 million during 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 company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share. On average, equities research analysts predict that Hudbay Minerals Inc. will post 0.79 EPS for the current fiscal year.

Hudbay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th will be paid a $0.007 dividend. The ex-dividend date is Tuesday, March 4th. This is a positive change from Hudbay Minerals’s previous semi-annual dividend of $0.01. This represents a dividend yield of 0.2%. Hudbay Minerals’s payout ratio is presently 5.56%.

Wall Street Analysts Forecast Growth

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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hudbay Minerals presently has an average rating of “Buy” and a consensus price target of $11.17.

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.