Temasek Holdings Private Ltd increased its position in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 5.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,030,771 shares of the mining company's stock after purchasing an additional 113,500 shares during the quarter. Temasek Holdings Private Ltd owned approximately 0.51% of HudBay Minerals worth $15,414,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in HBM. Tower Research Capital LLC TRC boosted its holdings in shares of HudBay Minerals by 9,877.4% during the 4th 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 in the last quarter. SBI Securities Co. Ltd. lifted its position in 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 acquiring an additional 1,481 shares during the period. Banque Cantonale Vaudoise bought a new stake in HudBay Minerals during the first quarter worth about $33,000. Algert Global LLC purchased a new stake in HudBay Minerals in the fourth quarter worth about $86,000. Finally, Hsbc Holdings PLC bought a new position in shares of HudBay Minerals during the fourth quarter valued at approximately $97,000. Institutional investors own 57.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HBM. CIBC reaffirmed an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Scotiabank reissued an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, May 13th. Raymond James Financial upgraded shares of HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. The Goldman Sachs Group assumed coverage on shares of HudBay Minerals in a research note on Monday. They issued a "buy" rating on the stock. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of HudBay Minerals in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy".
Read Our Latest Analysis on HBM
HudBay Minerals Stock Performance
Shares of HBM stock traded up $0.47 during trading hours on Wednesday, reaching $13.48. The company had a trading volume of 4,430,186 shares, compared to its average volume of 7,274,225. The business has a fifty day moving average price of $10.72 and a 200-day moving average price of $9.02. HudBay Minerals Inc has a one year low of $5.95 and a one year high of $13.55. The firm has a market cap of $5.33 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.32 and a beta of 1.51. 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 (NYSE:HBM - Get Free Report) TSE: HBM last announced its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm had revenue of $536.40 million during the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals's quarterly revenue was up 26.1% compared to the same quarter last year. Sell-side analysts predict that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.
HudBay Minerals Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.0073 per share. This represents a dividend yield of 17.0%. The ex-dividend date of this dividend 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%.
HudBay Minerals Company Profile
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Free Report)
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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