Temasek Holdings Private Ltd Acquires 113,500 Shares of HudBay Minerals Inc $HBM

Key Points

• Temasek Holdings Private Ltd has increased its stake in HudBay Minerals Inc by 5.9%, now owning approximately 2,030,771 shares valued at $15.4 million.
• HudBay Minerals' shares showed positive market performance, rising 2.6%, with a current market cap of $5.04 billion and a recent earnings per share (EPS) of $0.19, exceeding expectations.
• The company announced a new semi-annual dividend of $0.0073, representing a shift from its previous dividend of $0.01 and yielding 17.0% for shareholders.

Temasek Holdings Private Ltd raised its stake in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 5.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,030,771 shares of the mining company's stock after acquiring an additional 113,500 shares during the period. Temasek Holdings Private Ltd owned approximately 0.51% of HudBay Minerals worth $15,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of HBM. Tower Research Capital LLC TRC increased its holdings in HudBay Minerals by 9,877.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company's stock valued at $25,000 after acquiring an additional 3,062 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in HudBay Minerals by 64.6% in 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 last quarter. Banque Cantonale Vaudoise bought a new stake in HudBay Minerals in the 1st quarter valued at $33,000. Algert Global LLC bought a new stake in HudBay Minerals in the 4th quarter valued at $86,000. Finally, Headlands Technologies LLC bought a new stake in HudBay Minerals in the 1st quarter valued at $92,000. 57.82% of the stock is currently owned by institutional investors.

HudBay Minerals Trading Down 0.7%

Shares of HBM stock traded down $0.10 during trading hours on Friday, reaching $13.48. 3,233,037 shares of the stock were exchanged, compared to its average volume of 7,232,313. HudBay Minerals Inc has a 12-month low of $5.95 and a 12-month high of $13.64. The company has a current ratio of 1.03, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The company's 50-day moving average price is $10.82 and its 200-day moving average price is $9.09. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.33 and a beta of 1.51.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released 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. The firm had revenue of $536.40 million during the quarter, compared to analysts' expectations of $558.21 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm's quarterly revenue was up 26.1% on a year-over-year basis. As a group, equities analysts anticipate that HudBay Minerals Inc will post 0.79 earnings per share 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. Stockholders of record on Tuesday, September 2nd will be issued a $0.0073 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a dividend yield of 17.0%. This is an increase from HudBay Minerals's previous semi-annual dividend of $0.01. HudBay Minerals's dividend payout ratio (DPR) is presently 1.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HBM. National Bankshares reissued an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Royal Bank Of Canada reissued an "outperform" rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Veritas raised shares of HudBay Minerals to a "strong-buy" rating in a research note on Monday, July 7th. Raymond James Financial raised shares of HudBay Minerals to a "moderate buy" rating in a research note on Monday, June 30th. Finally, The Goldman Sachs Group began coverage on shares of HudBay Minerals in a research note on Monday. They issued a "buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.