MBB Public Markets I LLC Buys 715,343 Shares of Hudbay Minerals Inc. (NYSE:HBM)

MBB Public Markets I LLC boosted its position in shares of Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 157.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,169,931 shares of the mining company’s stock after purchasing an additional 715,343 shares during the quarter. MBB Public Markets I LLC owned 0.30% of Hudbay Minerals worth $10,588,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Register Financial Advisors LLC bought a new stake in shares of Hudbay Minerals during the first quarter worth $35,000. Banque Cantonale Vaudoise increased its holdings in Hudbay Minerals by 38.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,471 shares of the mining company’s stock worth $45,000 after purchasing an additional 1,806 shares in the last quarter. Ballentine Partners LLC bought a new position in Hudbay Minerals during the 1st quarter worth about $85,000. Ritholtz Wealth Management acquired a new stake in shares of Hudbay Minerals in the 2nd quarter valued at about $96,000. Finally, Armistice Capital LLC bought a new stake in shares of Hudbay Minerals in the second quarter valued at about $97,000. Institutional investors own 57.82% of the company’s stock.

Analyst Ratings Changes

HBM has been the subject of a number of research reports. Jefferies Financial Group upgraded Hudbay Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, August 14th. Stifel Canada raised shares of Hudbay Minerals to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, StockNews.com lowered shares of Hudbay Minerals from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Hudbay Minerals presently has a consensus rating of “Buy” and an average price target of $10.88.

Hudbay Minerals Price Performance

Shares of NYSE HBM opened at $9.43 on Friday. Hudbay Minerals Inc. has a twelve month low of $3.94 and a twelve month high of $10.49. The company has a market cap of $3.71 billion, a PE ratio of 40.98 and a beta of 1.77. The business’s 50 day moving average price is $7.73 and its two-hundred day moving average price is $8.21. The company has a quick ratio of 1.49, a current ratio of 1.86 and a debt-to-equity ratio of 0.47.

Hudbay Minerals Cuts Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, September 3rd were paid a $0.007 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a yield of 0.2%. Hudbay Minerals’s dividend payout ratio (DPR) is currently 4.35%.

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.