Anson Funds Management LP Takes $759,000 Position 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 during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 100,000 shares of the mining company's stock, valued at approximately $759,000.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of HudBay Minerals by 86.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company's stock worth $74,105,000 after purchasing an additional 4,253,400 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of HudBay Minerals in the fourth quarter worth $17,657,000. Carrhae Capital LLP bought a new position in shares of HudBay Minerals in the first quarter worth $14,244,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HudBay Minerals by 14.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company's stock worth $118,874,000 after purchasing an additional 1,822,601 shares during the period. Finally, Bank of America Corp DE increased its position in shares of HudBay Minerals by 269.3% in the fourth quarter. Bank of America Corp DE now owns 2,409,267 shares of the mining company's stock worth $19,515,000 after purchasing an additional 1,756,930 shares during the period. Institutional investors own 57.82% of the company's stock.

HudBay Minerals Trading Up 0.5%

Shares of HudBay Minerals stock traded up $0.06 during midday trading on Friday, reaching $11.86. The company had a trading volume of 2,526,532 shares, compared to its average volume of 7,327,634. The stock has a fifty day moving average price of $10.35 and a 200 day moving average price of $8.79. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.86. The firm has a market cap of $4.69 billion, a PE ratio of 16.24, a P/E/G ratio of 0.28 and a beta of 1.63. HudBay Minerals Inc has a fifty-two week low of $5.95 and a fifty-two week high of $12.10.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last posted its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The company had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The firm's quarterly revenue was up 26.1% on a year-over-year basis. On average, equities analysts anticipate that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. CIBC reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, July 15th. Scotiabank reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, May 13th. National Bankshares reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Veritas raised HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus 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.