Louisbourg Investments Inc. Invests $5.25 Million in HudBay Minerals Inc $HBM

Key Points

• Louisbourg Investments acquired 263,900 shares of HudBay Minerals (NYSE:HBM) in Q4 — a new stake worth about $5.25 million, representing roughly 0.07% of the company; overall institutional ownership stands near 57.8%.
• HudBay reported Q4 EPS of $0.22 versus $0.40 expected (an EPS miss) while revenue rose to $732.9 million, up 25.3% year‑over‑year.
• Analysts maintain a consensus "Moderate Buy" rating with an average price target of $26.00; the stock has a market cap of $8.58 billion, a P/E of 15.12, and recently paid a $0.01 dividend (reported yield 9.0%).

Louisbourg Investments Inc. acquired a new stake in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 263,900 shares of the mining company's stock, valued at approximately $5,247,000. Louisbourg Investments Inc. owned about 0.07% of HudBay Minerals at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HBM. Waterfront Wealth Inc. lifted its position in HudBay Minerals by 2.0% during the 3rd quarter. Waterfront Wealth Inc. now owns 39,052 shares of the mining company's stock worth $588,000 after acquiring an additional 756 shares during the period. Savant Capital LLC grew its stake in HudBay Minerals by 2.4% during the 3rd quarter. Savant Capital LLC now owns 32,010 shares of the mining company's stock valued at $485,000 after purchasing an additional 760 shares during the last quarter. Allworth Financial LP increased its holdings in shares of HudBay Minerals by 107.9% in the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company's stock valued at $30,000 after purchasing an additional 1,033 shares during the period. Creative Planning increased its holdings in shares of HudBay Minerals by 5.4% in the second quarter. Creative Planning now owns 25,067 shares of the mining company's stock valued at $266,000 after purchasing an additional 1,289 shares during the period. Finally, Strong Tower Advisory Services raised its stake in shares of HudBay Minerals by 2.4% in the third quarter. Strong Tower Advisory Services now owns 94,175 shares of the mining company's stock worth $1,428,000 after purchasing an additional 2,182 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBM has been the topic of a number of recent research reports. Zacks Research lowered HudBay Minerals from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 17th. UBS Group assumed coverage on shares of HudBay Minerals in a research report on Thursday, January 8th. They set a "buy" rating for the company. Wall Street Zen cut shares of HudBay Minerals from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. Jefferies Financial Group reaffirmed a "buy" rating on shares of HudBay Minerals in a report on Sunday, December 7th. Finally, Weiss Ratings upgraded shares of HudBay Minerals from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $26.00.

HudBay Minerals Stock Down 1.7%

Shares of HBM opened at $21.62 on Friday. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.30 and a beta of 1.41. HudBay Minerals Inc has a 52 week low of $5.95 and a 52 week high of $28.74. The stock's 50-day moving average price is $23.65 and its 200-day moving average price is $19.62. The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.18.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings results on Friday, February 20th. The mining company reported $0.22 earnings per share 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 company had revenue of $732.90 million for the quarter, compared to analysts' expectations of $730.13 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. The firm's revenue was up 25.3% compared to the same quarter last year. On average, sell-side analysts predict that HudBay Minerals Inc will post 0.79 EPS for the current year.

HudBay Minerals Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 27th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.01 per share. This represents a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, March 10th. HudBay Minerals's payout ratio is 0.70%.

HudBay Minerals 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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