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

Goehring & Rozencwajg Associates LLC grew its position in shares of Hudbay Minerals Inc. (NYSE:HBM – Free Report) (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 purchasing 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 & Exchange Commission.

Several other large investors have recently added to or reduced their stakes in HBM. Regal Partners Ltd bought a new stake in Hudbay Minerals in the second quarter valued at about $22,956,000. TD Asset Management Inc raised 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 in the first quarter valued at approximately $12,604,000. American Century Companies Inc. raised 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 in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Hudbay Minerals by 92.7% in the 1st quarter. Jennison Associates LLC now owns 2,821,920 shares of the mining company’s stock valued at $19,757,000 after buying an additional 1,357,241 shares during the last quarter. 57.82% of shares are 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 cap 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 semiannual dividend, which will be paid on Friday, September 20th. Stockholders 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’ dividend payout ratio is currently 4.35%.

Changes in Analyst Ratings

Several analysts 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. The stock currently has an average rating of “Buy” and an average price target of $10.80, according to MarketBeat.

Read the latest stock report on Hudbay Minerals

Hudbay Minerals Profile

(Free report)

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation and optimization of properties in North and South America. Produces copper concentrates containing gold, silver and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.

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