Public Employees Retirement System of Ohio Has $2.01 Million Position in HudBay Minerals Inc $HBM

Public Employees Retirement System of Ohio boosted its stake in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 34.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 190,102 shares of the mining company's stock after purchasing an additional 48,459 shares during the period. Public Employees Retirement System of Ohio's holdings in HudBay Minerals were worth $2,013,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Ballentine Partners LLC boosted its position in HudBay Minerals by 10.3% during the second quarter. Ballentine Partners LLC now owns 29,757 shares of the mining company's stock valued at $316,000 after purchasing an additional 2,768 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in HudBay Minerals by 66.0% during the second quarter. Clear Harbor Asset Management LLC now owns 16,600 shares of the mining company's stock valued at $176,000 after purchasing an additional 6,600 shares during the last quarter. Pacifica Partners Inc. boosted its position in HudBay Minerals by 6.7% during the second quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company's stock valued at $272,000 after purchasing an additional 1,625 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in HudBay Minerals during the second quarter valued at approximately $15,381,000. Finally, Anson Funds Management LP acquired a new position in HudBay Minerals during the first quarter valued at approximately $759,000. 57.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HBM has been the subject of several recent research reports. Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, September 10th. National Bankshares reissued an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. CIBC reissued an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Veritas raised HudBay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Raymond James Financial raised HudBay Minerals to a "moderate buy" rating in a research report on Monday, June 30th. 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, HudBay Minerals currently has a consensus rating of "Buy".

HudBay Minerals Stock Performance

HBM opened at $15.46 on Friday. HudBay Minerals Inc has a 12-month low of $5.95 and a 12-month high of $15.79. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 0.37 and a beta of 1.54. The business has a 50 day moving average of $11.98 and a 200-day moving average of $9.81. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last announced its earnings results on Wednesday, August 13th. The mining company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The company 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 company's revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities research analysts expect that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.0073 per share. This represents a dividend yield of 17.0%. This is an increase from HudBay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date was Tuesday, September 2nd. HudBay Minerals's dividend payout ratio is 1.37%.

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.

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