EdgePoint Investment Group Inc. lifted its stake in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 50.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,628,971 shares of the mining company's stock after purchasing an additional 2,561,607 shares during the period. HudBay Minerals comprises about 0.5% of EdgePoint Investment Group Inc.'s investment portfolio, making the stock its 29th biggest holding. EdgePoint Investment Group Inc. owned about 1.93% of HudBay Minerals worth $57,848,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of HBM. Raymond James Financial Inc. acquired a new stake in HudBay Minerals during the fourth quarter worth about $183,000. Barclays PLC raised its stake in HudBay Minerals by 7.9% during the fourth quarter. Barclays PLC now owns 93,286 shares of the mining company's stock worth $756,000 after acquiring an additional 6,811 shares during the period. Tower Research Capital LLC TRC raised its stake in HudBay Minerals by 9,877.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock worth $25,000 after acquiring an additional 3,062 shares during the period. Hsbc Holdings PLC acquired a new stake in HudBay Minerals during the fourth quarter worth about $97,000. Finally, Algert Global LLC acquired a new stake in HudBay Minerals during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 57.82% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on HBM shares. Veritas upgraded shares of HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Royal Bank Of Canada restated an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. The Goldman Sachs Group began coverage on shares of HudBay Minerals in a research note on Monday. They issued a "buy" rating on the stock. Raymond James Financial upgraded shares of HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. Finally, Scotiabank restated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. According to data from MarketBeat.com, HudBay Minerals has a consensus rating of "Buy".
Get Our Latest Stock Analysis on HBM
HudBay Minerals Price Performance
Shares of NYSE HBM traded up $0.50 during mid-day trading on Monday, reaching $13.22. 5,947,373 shares of the company traded hands, compared to its average volume of 7,299,724. HudBay Minerals Inc has a fifty-two week low of $5.95 and a fifty-two week high of $13.24. 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 $5.23 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 0.31 and a beta of 1.51. The stock has a fifty day simple moving average of $10.62 and a 200-day simple moving average of $8.94.
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, beating analysts' consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The business had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. The company's quarterly revenue was up 26.1% compared to the same quarter last year. Equities research analysts anticipate that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.
HudBay Minerals Increases Dividend
The firm also recently announced 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. 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 17.0%. HudBay Minerals's payout ratio is 1.37%.
About HudBay Minerals
(
Free Report)
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.
Further Reading
Before you consider HudBay Minerals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HudBay Minerals wasn't on the list.
While HudBay Minerals currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
