Federation des caisses Desjardins du Quebec Has $1.68 Million Position in HudBay Minerals Inc $HBM

Federation des caisses Desjardins du Quebec lowered its holdings in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 28.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,360 shares of the mining company's stock after selling 87,373 shares during the period. Federation des caisses Desjardins du Quebec owned about 0.06% of HudBay Minerals worth $1,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HBM. SBI Securities Co. Ltd. boosted its stake 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 worth $29,000 after buying an additional 1,481 shares during the last quarter. Federated Hermes Inc. boosted its position in HudBay Minerals by 1.4% during the first quarter. Federated Hermes Inc. now owns 126,836 shares of the mining company's stock valued at $963,000 after purchasing an additional 1,794 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 valued at $25,000 after purchasing an additional 3,062 shares during the last quarter. Cetera Investment Advisers grew its stake in HudBay Minerals by 24.3% in the fourth quarter. Cetera Investment Advisers now owns 19,224 shares of the mining company's stock valued at $156,000 after purchasing an additional 3,760 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of HudBay Minerals during the 1st quarter worth approximately $33,000. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Stock Performance

Shares of NYSE HBM traded down $0.03 during trading hours on Friday, reaching $13.54. 5,299,660 shares of the stock were exchanged, compared to its average volume of 4,934,164. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 0.33 and a beta of 1.51. The stock's fifty day simple moving average is $10.88 and its 200 day simple moving average is $9.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.03. HudBay Minerals Inc has a 52 week low of $5.95 and a 52 week high of $13.64.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued 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. The firm had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The firm's quarterly revenue was up 26.1% on a year-over-year basis. Sell-side analysts predict that HudBay Minerals Inc will post 0.79 EPS 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. Investors of record on Tuesday, September 2nd will be given a dividend of $0.0073 per share. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. This represents a yield of 17.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. HudBay Minerals's payout ratio is 1.37%.

Wall Street Analyst Weigh In

HBM has been the subject of several recent analyst reports. Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a report on Wednesday. The Goldman Sachs Group initiated coverage on shares of HudBay Minerals in a research note on Monday. They set a "buy" rating on the stock. CIBC reiterated an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, July 15th. Royal Bank Of Canada restated an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Finally, Veritas raised HudBay Minerals to a "strong-buy" rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy".

HudBay Minerals 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.