Temasek Holdings Private Ltd Purchases 113,500 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Temasek Holdings Private Ltd lifted its position in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,917,271 shares of the mining company’s stock after acquiring an additional 113,500 shares during the quarter. Temasek Holdings Private Ltd owned 0.49% of Hudbay Minerals worth $15,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in Hudbay Minerals by 366.8% during the 4th quarter. Toronto Dominion Bank now owns 1,058,952 shares of the mining company’s stock valued at $8,579,000 after purchasing an additional 832,111 shares during the period. Polar Asset Management Partners Inc. increased its holdings in Hudbay Minerals by 121.7% during the fourth quarter. Polar Asset Management Partners Inc. now owns 1,694,700 shares of the mining company’s stock valued at $13,727,000 after buying an additional 930,300 shares during the period. Man Group plc raised its stake in Hudbay Minerals by 5.7% in the fourth quarter. Man Group plc now owns 2,260,362 shares of the mining company’s stock worth $18,316,000 after buying an additional 122,175 shares in the last quarter. Nokomis Capital L.L.C. lifted its holdings in Hudbay Minerals by 16.6% during the fourth quarter. Nokomis Capital L.L.C. now owns 709,312 shares of the mining company’s stock worth $5,745,000 after buying an additional 100,990 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hudbay Minerals by 14.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company’s stock valued at $118,874,000 after acquiring an additional 1,822,601 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HBM shares. Stifel Canada raised Hudbay Minerals to a “strong-buy” rating in a research report on Wednesday, March 19th. Desjardins began coverage on shares of Hudbay Minerals in a report on Friday, April 4th. They issued a “buy” rating for the company. StockNews.com upgraded shares of Hudbay Minerals from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. BMO Capital Markets assumed coverage on shares of Hudbay Minerals in a research report on Wednesday, April 16th. They issued an “outperform” rating on the stock. Finally, Scotiabank reissued an “outperform” rating on shares of Hudbay Minerals in a research report on Tuesday. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

Hudbay Minerals Stock Down 2.8%

Shares of HBM stock opened at $8.13 on Friday. The stock’s fifty day moving average price is $7.49 and its 200 day moving average price is $8.14. 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 Inc. has a 1-year low of $5.95 and a 1-year high of $10.49. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 45.14 and a beta of 1.56.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Monday, May 12th. The mining company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.14. The business had revenue of $594.90 million for the quarter, compared to analyst estimates of $537.36 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, research analysts expect that Hudbay Minerals Inc. will post 0.79 earnings per share for the current fiscal year.

Hudbay Minerals Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 4th were given a dividend of $0.007 per share. This represents a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Hudbay Minerals’s previous semi-annual dividend of $0.01. Hudbay Minerals’s payout ratio is currently 2.63%.

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.