Artemis Investment Management LLP Has $113.36 Million Holdings in HudBay Minerals Inc $HBM

Key Points

• Artemis Investment Management increased its stake in HudBay by 15.6% to 5,709,453 shares (worth about $113.36 million), and institutional investors now own roughly 57.82% of the company.
• HudBay beat Q1 expectations with $0.40 EPS vs. $0.34 consensus and revenue of $757.3 million (up ~27% YoY), reporting record quarterly revenue and adjusted EBITDA with a strong net margin of about 25.7%.
• The company declared a quarterly dividend of $0.01 (annualized $0.04, yield 0.2%), while analysts are generally positive—consensus rating is "Moderate Buy" with an average price target of $26.00.

Artemis Investment Management LLP grew its stake in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,709,453 shares of the mining company's stock after buying an additional 770,172 shares during the quarter. HudBay Minerals accounts for about 1.4% of Artemis Investment Management LLP's investment portfolio, making the stock its 18th biggest holding. Artemis Investment Management LLP owned about 1.44% of HudBay Minerals worth $113,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HBM. Arrowstreet Capital Limited Partnership acquired a new stake in HudBay Minerals in the 3rd quarter valued at $123,736,000. Goldman Sachs Group Inc. increased its stake in HudBay Minerals by 144.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company's stock valued at $55,264,000 after buying an additional 4,299,428 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in HudBay Minerals by 145.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,502,180 shares of the mining company's stock valued at $98,466,000 after buying an additional 3,851,771 shares during the last quarter. Bank of Nova Scotia increased its stake in HudBay Minerals by 662.0% in the 3rd quarter. Bank of Nova Scotia now owns 4,273,384 shares of the mining company's stock valued at $64,783,000 after buying an additional 3,712,572 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in HudBay Minerals in the 2nd quarter valued at $21,698,000. Institutional investors and hedge funds own 57.82% of the company's stock.

HudBay Minerals Stock Down 1.3%

HudBay Minerals stock opened at $22.81 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. HudBay Minerals Inc has a 12-month low of $7.33 and a 12-month high of $28.74. The firm's fifty day moving average is $23.03 and its 200 day moving average is $20.87. The company has a market capitalization of $9.06 billion, a PE ratio of 15.95, a PEG ratio of 0.29 and a beta of 1.37.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.06. HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. The company had revenue of $757.30 million for the quarter, compared to the consensus estimate of $684.73 million. During the same quarter in the previous year, the company earned $0.24 EPS. HudBay Minerals's quarterly revenue was up 27.3% compared to the same quarter last year. As a group, sell-side analysts predict that HudBay Minerals Inc will post 1.56 EPS for the current fiscal year.

HudBay Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, June 9th. HudBay Minerals's payout ratio is 0.70%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HBM. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, April 21st. Citigroup raised their target price on shares of HudBay Minerals from $23.00 to $32.50 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of HudBay Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 10th. UBS Group began coverage on shares of HudBay Minerals in a research note on Thursday, January 8th. They set a "buy" rating for the company. Finally, Raymond James Financial restated an "outperform" rating on shares of HudBay Minerals in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.00.

Key HudBay Minerals News

Here are the key news stories impacting HudBay Minerals this week:

• Positive Sentiment: Q1 results beat expectations — HudBay reported $0.40 EPS vs. consensus $0.34 and revenue grew ~27% year-over-year; margins were strong (net margin ~25.7%). This outperformance and improved profitability are constructive for cash flow and valuation. HudBay Minerals (HBM) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Company announced record quarterly revenue and record adjusted EBITDA for Q1, indicating stronger operating performance that supports free cash flow and potential deleveraging or shareholder returns. Hudbay Announces First Quarter 2026 Results and Delivers Record Quarterly Revenue and Adjusted EBITDA
• Neutral Sentiment: Management materials available — the company posted the press release, slide deck and conference call recording/transcript for Q1; investors should review guidance/comments on production, costs and commodity price sensitivity in the call. View Press Release View Slide Deck Listen to Conference Call
• Neutral Sentiment: Analyst write-ups and metric comparisons are available (Zacks review of key metrics vs. estimates) — useful for investors who want detail on volumes, realized prices and unit costs versus consensus. HudBay Minerals (HBM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Paradigm Capital cut near- and medium-term EPS estimates across Q2–Q4 2026 and FY2027–FY2029, trimming forward expectations; those downward revisions can pressure the stock despite the beat, as they reduce modeled upside and may prompt investor caution. (Paradigm note issued Apr. 27)

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.

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