Dimensional Fund Advisors LP Increases Position in HudBay Minerals Inc $HBM

Key Points

• Dimensional Fund Advisors increased its stake in HudBay by 3.2% to 11,334,474 shares, now owning 2.86% of the company (about $171.8 million).
• HudBay missed EPS expectations for the quarter ($0.22 vs. $0.40) while generating $732.9 million in revenue—up 25.3% year‑over‑year—and a net margin of 25.71%.
• The company announced a $0.01 dividend (ex‑dividend March 10, paid March 27) implying a 9.0% yield, and analysts maintain an average "Buy" rating with a $26 consensus target price.

Dimensional Fund Advisors LP raised its holdings in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 3.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,334,474 shares of the mining company's stock after purchasing an additional 348,278 shares during the period. Dimensional Fund Advisors LP owned 2.86% of HudBay Minerals worth $171,832,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of HudBay Minerals in the 3rd quarter worth approximately $45,000. Jones Financial Companies Lllp raised its stake in HudBay Minerals by 131.6% during the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company's stock valued at $50,000 after buying an additional 3,733 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in HudBay Minerals in the second quarter worth $116,000. Verus Capital Partners LLC bought a new stake in HudBay Minerals in the third quarter worth $152,000. Finally, Semanteon Capital Management LP purchased a new stake in shares of HudBay Minerals in the third quarter worth $165,000. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Stock Up 0.9%

HBM stock opened at $22.50 on Tuesday. HudBay Minerals Inc has a 1-year low of $5.95 and a 1-year high of $28.74. The business has a fifty day moving average price of $24.21 and a 200-day moving average price of $18.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.78. The stock has a market capitalization of $8.93 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.30 and a beta of 1.27.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its quarterly earnings data on Friday, February 20th. The mining company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.18). HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. The business had revenue of $732.90 million for the quarter, compared to analysts' expectations of $730.13 million. During the same period last year, the business earned $0.18 earnings per share. The company's quarterly revenue was up 25.3% on a year-over-year basis. Equities analysts forecast that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.

HudBay Minerals Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, March 27th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, March 10th. This represents a yield of 9.0%. HudBay Minerals's dividend payout ratio is currently 0.70%.

Wall Street Analyst Weigh In

HBM has been the subject of several analyst reports. Raymond James Financial restated an "outperform" rating on shares of HudBay Minerals in a report on Wednesday, January 14th. Scotiabank reiterated an "outperform" rating on shares of HudBay Minerals in a research note on Monday, January 26th. Wall Street Zen downgraded shares of HudBay Minerals from a "buy" rating to a "hold" rating in a research report on Sunday, March 1st. Zacks Research lowered shares of HudBay Minerals from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Finally, UBS Group initiated coverage on shares of HudBay Minerals in a research note on Thursday, January 8th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $26.00.

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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