Hsbc Holdings PLC Has $288,000 Position in HudBay Minerals Inc $HBM

Key Points

• Hsbc Holdings PLC increased its stake in HudBay Minerals by 216.1% in the first quarter, acquiring an additional 26,066 shares, bringing its total ownership to 38,126 shares valued at $288,000.
• HudBay Minerals recently reported earnings per share of $0.19, surpassing analysts' expectations of $0.11, while its revenue was $536.40 million, slightly below the consensus estimate.
• The company declared a semi-annual dividend of $0.0073 per share, increasing from the previous $0.01, representing a dividend yield of 17.0%.

Hsbc Holdings PLC boosted its stake in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 216.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,126 shares of the mining company's stock after buying an additional 26,066 shares during the quarter. Hsbc Holdings PLC's holdings in HudBay Minerals were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in 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 worth $25,000 after buying an additional 3,062 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of HudBay Minerals by 64.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock valued at $29,000 after purchasing an additional 1,481 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of HudBay Minerals during the 1st quarter valued at $33,000. Algert Global LLC bought a new position in shares of HudBay Minerals during the 4th quarter valued at $86,000. Finally, Headlands Technologies LLC bought a new position in shares of HudBay Minerals during the 1st quarter valued at $92,000. Hedge funds and other institutional investors own 57.82% of the company's stock.

HudBay Minerals Stock Performance

Shares of NYSE:HBM traded up $0.47 on Wednesday, hitting $13.48. 4,430,186 shares of the company were exchanged, compared to its average volume of 6,568,367. The company's 50 day moving average price is $10.77 and its two-hundred day moving average price is $9.05. HudBay Minerals Inc has a one year low of $5.95 and a one year high of $13.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.03. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.31 and a beta of 1.51.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The company had revenue of $536.40 million for the quarter, compared to the consensus estimate of $558.21 million. The business's revenue was up 26.1% on a year-over-year basis. Research analysts expect that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.0073 per share. This represents a dividend yield of 17.0%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. HudBay Minerals's payout ratio is presently 1.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HBM shares. Scotiabank restated an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. 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. National Bankshares reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Finally, Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat.com, HudBay Minerals 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.