HudBay Minerals Inc $HBM Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its holdings in HudBay Minerals Inc by 301.2% in the first quarter, acquiring an additional 49,412 shares, bringing its total to 65,815 shares valued at approximately $500,000.
• HudBay Minerals recently declared a semi-annual dividend of $0.0073 per share, which reflects an increase from its previous dividend and offers a 10% yield for investors.
• Several analysts have given HudBay Minerals an "outperform" rating, with the company receiving two Strong Buy ratings and an average rating of "Buy" from MarketBeat.

Quantbot Technologies LP grew its position in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 301.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,815 shares of the mining company's stock after buying an additional 49,412 shares during the quarter. Quantbot Technologies LP's holdings in HudBay Minerals were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of HBM. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 3,062 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in HudBay Minerals by 64.6% in the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company's stock worth $29,000 after purchasing an additional 1,481 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in HudBay Minerals in the first quarter worth approximately $33,000. Algert Global LLC purchased a new stake in HudBay Minerals in the fourth quarter worth approximately $86,000. Finally, Headlands Technologies LLC purchased a new stake in HudBay Minerals in the first quarter worth approximately $92,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

HudBay Minerals Price Performance

HudBay Minerals stock traded up $0.22 during mid-day trading on Friday, reaching $12.02. 4,350,127 shares of the company's stock traded hands, compared to its average volume of 6,833,131. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 0.29 and a beta of 1.51. The stock has a 50 day moving average of $10.39 and a two-hundred day moving average of $8.81. 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 Inc has a 12-month low of $5.95 and a 12-month high of $12.10.

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, beating 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 business had revenue of $536.40 million for the quarter, compared to the consensus estimate of $558.21 million. The company's quarterly revenue was up 26.1% on a year-over-year basis. Equities analysts forecast that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 2nd will be paid a $0.0073 dividend. This represents a yield of 10.0%. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, September 2nd. HudBay Minerals's payout ratio is presently 1.37%.

Analyst Upgrades and Downgrades

HBM has been the topic of several research reports. Wall Street Zen raised HudBay Minerals from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 25th. Royal Bank Of Canada reissued an "outperform" rating on shares of HudBay Minerals in a report on Thursday, August 14th. Veritas raised shares of HudBay Minerals to a "strong-buy" rating in a report on Monday, July 7th. Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a report on Tuesday, May 13th. Finally, CIBC reiterated an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

About HudBay Minerals

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.