Dimensional Fund Advisors LP Boosts Stock Holdings in Hudbay Minerals Inc. (NYSE:HBM)

Dimensional Fund Advisors LP lifted its stake in Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,545,340 shares of the mining company’s stock after purchasing an additional 702,170 shares during the period. Dimensional Fund Advisors LP owned about 0.90% of Hudbay Minerals worth $32,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. raised its position in Hudbay Minerals by 239.3% in the 2nd 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 in the last quarter. Ballentine Partners LLC increased its stake in shares of Hudbay Minerals by 32.7% during the second quarter. Ballentine Partners LLC now owns 16,171 shares of the mining company’s stock worth $146,000 after buying an additional 3,983 shares during the period. Acadian Asset Management LLC acquired a new stake in Hudbay Minerals in the second quarter valued at approximately $11,308,000. National Bank of Canada FI lifted its stake in Hudbay Minerals by 31.4% in the second quarter. National Bank of Canada FI now owns 766,849 shares of the mining company’s stock worth $6,938,000 after acquiring an additional 183,434 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in Hudbay Minerals by 199.4% in the second quarter. TD Asset Management Inc now owns 2,906,301 shares of the mining company’s stock worth $26,294,000 after acquiring an additional 1,935,709 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Hudbay Minerals Stock Up 1.6 %

HBM opened at $9.34 on Wednesday. Hudbay Minerals Inc. has a one year low of $3.94 and a one year high of $10.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.49 and a current ratio of 1.86. The stock has a market capitalization of $3.68 billion, a P/E ratio of 40.61 and a beta of 1.77. The business’s 50-day simple moving average is $7.80 and its 200-day simple moving average is $8.29.

Hudbay Minerals Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.007 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 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.