Callan Family Office LLC Invests $436,000 in Hudbay Minerals Inc. (NYSE:HBM)

Callan Family Office LLC bought a new stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,883 shares of the mining company’s stock, valued at approximately $436,000.

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

Wall Street Analysts Forecast Growth

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

Hudbay Minerals Stock Down 3.7 %

NYSE:HBM opened at $6.97 on Monday. The stock’s fifty day simple moving average is $8.28 and its 200-day simple moving average is $8.52. The firm has a market capitalization of $2.75 billion, a P/E ratio of 38.70 and a beta of 1.72. The company has a quick ratio of 1.47, a current ratio of 1.86 and a debt-to-equity ratio of 0.44. Hudbay Minerals Inc. has a 12-month low of $6.20 and a 12-month high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted 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 analyst estimates of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. Hudbay Minerals’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Equities research analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current year.

Hudbay Minerals Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th will be paid a $0.007 dividend. This represents a yield of 0.2%. The ex-dividend date 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%.

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.