Goehring & Rozencwajg Associates LLC Purchases 109,899 Shares of Hudbay Minerals Inc. (NYSE:HBM)

Goehring & Rozencwajg Associates LLC grew its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 767,569 shares of the mining company’s stock after buying an additional 109,899 shares during the quarter. Goehring & Rozencwajg Associates LLC owned approximately 0.20% of Hudbay Minerals worth $6,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in HBM. Regal Partners Ltd bought a new stake in Hudbay Minerals during the second quarter worth about $22,956,000. TD Asset Management Inc grew its stake in shares of Hudbay Minerals by 199.4% during the second quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock valued at $26,294,000 after purchasing an additional 1,935,709 shares during the last quarter. Galibier Capital Management Ltd. bought a new stake in shares of Hudbay Minerals during the first quarter valued at approximately $12,604,000. American Century Companies Inc. grew its stake in shares of Hudbay Minerals by 239.3% during the second quarter. American Century Companies Inc. now owns 2,044,720 shares of the mining company’s stock valued at $18,503,000 after purchasing an additional 1,442,140 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Hudbay Minerals by 92.7% during the first quarter. Jennison Associates LLC now owns 2,821,920 shares of the mining company’s stock valued at $19,757,000 after purchasing an additional 1,357,241 shares during the last quarter. 57.82% of the stock is owned by institutional investors.

Hudbay Minerals Price Performance

HBM opened at $7.60 on Thursday. The company has a fifty day moving average price of $7.82 and a two-hundred day moving average price of $8.13. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. Hudbay Minerals Inc. has a 52 week low of $3.94 and a 52 week high of $10.49. The firm has a market capitalization of $2.99 billion, a PE ratio of 33.02 and a beta of 1.77.

Hudbay Minerals Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.007 per share. This represents a yield of 0.2%. The ex-dividend date is Tuesday, September 3rd. Hudbay Minerals’s dividend payout ratio is presently 4.35%.

Analyst Ratings Changes

Several analysts have recently commented on HBM shares. StockNews.com cut shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Jefferies Financial Group raised shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th. Finally, Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $10.80.

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.