158,759 Shares in HudBay Minerals Inc $HBM Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. bought a new stake in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 158,759 shares of the mining company's stock, valued at approximately $3,748,000.

A number of other large investors have also recently bought and sold shares of the stock. FIL Ltd increased its position in HudBay Minerals by 202.0% during the fourth quarter. FIL Ltd now owns 33,143,172 shares of the mining company's stock worth $658,010,000 after buying an additional 22,169,339 shares in the last quarter. Invesco Ltd. lifted its position in shares of HudBay Minerals by 0.4% in the third quarter. Invesco Ltd. now owns 11,391,356 shares of the mining company's stock valued at $172,693,000 after acquiring an additional 46,948 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of HudBay Minerals by 116.1% in the fourth quarter. Mackenzie Financial Corp now owns 10,178,626 shares of the mining company's stock valued at $202,327,000 after acquiring an additional 5,468,109 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of HudBay Minerals by 15.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,457,298 shares of the mining company's stock valued at $187,743,000 after acquiring an additional 1,293,023 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of HudBay Minerals by 7.8% during the first quarter. Royal Bank of Canada now owns 8,254,831 shares of the mining company's stock valued at $172,526,000 after acquiring an additional 597,422 shares during the last quarter. Institutional investors and hedge funds own 57.82% of the company's stock.

HudBay Minerals Stock Performance

HudBay Minerals stock opened at $30.08 on Friday. The stock has a fifty day moving average price of $24.45 and a 200 day moving average price of $24.42. The company has a current ratio of 2.24, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. HudBay Minerals Inc has a 52 week low of $11.21 and a 52 week high of $32.15. The firm has a market capitalization of $13.36 billion, a P/E ratio of 17.69, a PEG ratio of 0.43 and a beta of 1.48.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.The company had revenue of $631.30 million during the quarter, compared to analysts' expectations of $632.43 million. During the same quarter in the previous year, the business earned $0.19 EPS. The firm's revenue was up 17.7% on a year-over-year basis. Equities research analysts anticipate that HudBay Minerals Inc will post 1.58 earnings per share for the current year.

HudBay Minerals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 8th will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. HudBay Minerals's dividend payout ratio (DPR) is currently 1.18%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of HudBay Minerals from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. Bank of America decreased their price target on shares of HudBay Minerals from $33.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group reiterated a "buy" rating on shares of HudBay Minerals in a report on Monday, July 6th. Barclays boosted their price objective on shares of HudBay Minerals from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Finally, Citigroup reissued a "positive" rating on shares of HudBay Minerals in a research note on Wednesday, July 15th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, HudBay Minerals presently has an average rating of "Moderate Buy" and an average price target of $31.33.

HudBay Minerals Company Profile

HudBay Minerals Inc is a Canada-based mining company engaged in the exploration, development and production of base and precious metals. Its primary products include copper, zinc, gold and silver concentrates, which are sold to smelters and refiners worldwide. The company's operations span multiple stages of the mining cycle, from resource definition and feasibility studies to mine construction, extraction and reclamation.

The company traces its roots back to 1927, when it was established as Hudson Bay Mining & Smelting Co Limited.

Want to see what other hedge funds are holding HBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source