HudBay Minerals Inc $HBM Shares Bought by Decade Renewable Partners LP

Key Points

• Decade Renewable Partners LP increased its stake in HudBay Minerals by 57.1% during Q1, acquiring an additional 617,819 shares, making HudBay its largest holding at 9.9% of its portfolio.
• HudBay Minerals recently declared a semi-annual dividend of $0.0073, representing a yield of 10.0%, positive compared to its previous dividend of $0.01.
• Several institutional investors, including Vanguard and Donald Smith & CO. Inc., have also boosted their stakes in HudBay Minerals, indicating strong interest in the company, which has an average rating of "Buy" from analysts.

Decade Renewable Partners LP boosted its holdings in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 57.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,699,586 shares of the mining company's stock after purchasing an additional 617,819 shares during the period. HudBay Minerals comprises approximately 9.9% of Decade Renewable Partners LP's investment portfolio, making the stock its biggest position. Decade Renewable Partners LP owned 0.43% of HudBay Minerals worth $12,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBM. Tower Research Capital LLC TRC lifted its stake in shares of HudBay Minerals by 9,877.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after acquiring an additional 3,062 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of HudBay Minerals by 64.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock valued at $29,000 after acquiring an additional 1,481 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of HudBay Minerals in the 1st quarter valued at $33,000. Algert Global LLC bought a new position in shares of HudBay Minerals in the 4th quarter valued at $86,000. Finally, Hsbc Holdings PLC bought a new position in shares of HudBay Minerals in the 4th quarter valued at $97,000. 57.82% of the stock is currently owned by institutional investors.

HudBay Minerals Trading Down 0.4%

HudBay Minerals stock traded down $0.05 during trading hours on Thursday, reaching $12.41. 4,349,347 shares of the company's stock were exchanged, compared to its average volume of 7,313,810. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm's 50 day simple moving average is $10.54 and its 200 day simple moving average is $8.88. HudBay Minerals Inc has a twelve month low of $5.95 and a twelve month high of $12.47. The firm has a market capitalization of $4.91 billion, a PE ratio of 16.99, a PEG ratio of 0.29 and a beta of 1.51.

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 earnings per share for the quarter, topping 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 firm had revenue of $536.40 million during the quarter, compared to the consensus estimate of $558.21 million. The firm's revenue was up 26.1% on a year-over-year basis. Research analysts predict that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.0073 per share. This represents a yield of 17.0%. The ex-dividend date is Tuesday, September 2nd. This is an increase from HudBay Minerals's previous semi-annual dividend of $0.01. HudBay Minerals's dividend payout ratio (DPR) is 1.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James Financial upgraded HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. National Bankshares reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Wall Street Zen lowered HudBay Minerals from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. CIBC reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average 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.