Boston Partners Has $14.13 Million Stock Position in HudBay Minerals Inc $HBM

Key Points

• Boston Partners significantly increased its stake in HudBay Minerals by 386.1% during Q1, now owning approximately 1.86 million shares valued at around $14.1 million.
• HudBay Minerals received several positive ratings upgrades from analysts, with firms like Raymond James Financial and Veritas recommending the stock as a "moderate buy" and "strong-buy" respectively.
• The company recently declared a semi-annual dividend of $0.0073 per share, a notable increase from its previous dividend amount, reflecting a dividend yield of 10.0%.

Boston Partners grew its holdings in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 386.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,861,812 shares of the mining company's stock after acquiring an additional 1,478,827 shares during the quarter. Boston Partners owned 0.47% of HudBay Minerals worth $14,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in HudBay Minerals by 0.9% in the first quarter. Vanguard Group Inc. now owns 15,398,817 shares of the mining company's stock worth $116,738,000 after purchasing an additional 131,012 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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. Dimensional Fund Advisors LP lifted its position in 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. Donald Smith & CO. Inc. lifted its position in HudBay Minerals by 31.3% in the first quarter. Donald Smith & CO. Inc. now owns 5,549,372 shares of the mining company's stock worth $42,120,000 after purchasing an additional 1,323,745 shares during the period. Finally, Mackenzie Financial Corp lifted its position in HudBay Minerals by 20.8% in the first quarter. Mackenzie Financial Corp now owns 4,927,081 shares of the mining company's stock worth $37,353,000 after purchasing an additional 847,934 shares during the period. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Price Performance

Shares of NYSE:HBM traded up $0.1150 during midday trading on Wednesday, reaching $10.9350. The company's stock had a trading volume of 4,262,352 shares, compared to its average volume of 7,443,112. HudBay Minerals Inc has a fifty-two week low of $5.95 and a fifty-two week high of $12.10. The company has a market capitalization of $4.33 billion, a P/E ratio of 14.94, a P/E/G ratio of 0.28 and a beta of 1.63. 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 business's fifty day simple moving average is $10.09 and its 200-day simple moving average is $8.67.

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

HudBay Minerals Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Raymond James Financial raised HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. Wall Street Zen cut HudBay Minerals from a "strong-buy" rating to a "buy" rating in a report on Sunday. Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. Finally, CIBC reissued an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. Based on data from MarketBeat, HudBay Minerals has a consensus rating of "Buy".

HudBay Minerals Company 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.