Anson Funds Management LP Invests $759,000 in HudBay Minerals Inc $HBM

Key Points

• Anson Funds Management LP invested approximately $759,000 in HudBay Minerals, acquiring 100,000 shares during the first quarter.
• HudBay Minerals has declared a semi-annual dividend of $0.0073 per share, representing a yield of 10.0%, contributing to positive investor sentiment.
• The company's stock has recently seen a 4.3% increase, with a current market capitalization of $4.66 billion and significant institutional ownership at 57.82%.

Anson Funds Management LP acquired a new position in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 100,000 shares of the mining company's stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HBM. Geode Capital Management LLC increased its holdings in HudBay Minerals by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 190,940 shares of the mining company's stock valued at $1,565,000 after purchasing an additional 6,973 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in HudBay Minerals in the 4th quarter valued at $183,000. Barclays PLC increased its holdings in HudBay Minerals by 7.9% in the 4th quarter. Barclays PLC now owns 93,286 shares of the mining company's stock valued at $756,000 after purchasing an additional 6,811 shares in the last quarter. Mariner LLC increased its holdings in HudBay Minerals by 38.7% in the 4th quarter. Mariner LLC now owns 77,217 shares of the mining company's stock valued at $625,000 after purchasing an additional 21,530 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in HudBay Minerals in the 4th quarter valued at $186,000. 57.82% of the stock is currently owned by institutional investors and hedge funds.

HudBay Minerals Stock Up 4.3%

Shares of HudBay Minerals stock opened at $11.7650 on Friday. The business has a 50-day moving average of $10.20 and a 200-day moving average of $8.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.92. The company has a market capitalization of $4.66 billion, a PE ratio of 16.12, a P/E/G ratio of 0.29 and a beta of 1.63. HudBay Minerals Inc has a 1-year low of $5.95 and a 1-year high of $12.10.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The business had revenue of $536.40 million for the quarter, compared to analysts' expectations of $558.21 million. The business's revenue was up 26.1% compared to the same quarter last year. As a group, equities analysts forecast that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

HudBay Minerals Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.0073 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. This represents a dividend yield of 10.0%. HudBay Minerals's dividend payout ratio is 1.37%.

Analyst Ratings Changes

HBM has been the subject of several recent research reports. Scotiabank reiterated an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. Raymond James Financial upgraded HudBay Minerals to a "moderate buy" rating in a report on Monday, June 30th. CIBC restated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, July 15th. Wall Street Zen downgraded HudBay Minerals from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 17th. Finally, National Bankshares restated an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy".

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.

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