Triasima Portfolio Management inc. Acquires 53,135 Shares of HudBay Minerals Inc $HBM

Key Points

• Triasima Portfolio Management boosted its stake in HudBay by 10%, buying 53,135 shares to hold 584,968 shares worth about $11.63 million, making HudBay 1.7% of Triasima’s portfolio and its 15th largest holding.
• HudBay beat Q1 expectations with $0.40 EPS vs. $0.34 consensus and revenue of $757.3 million (+27% YoY), delivering record quarterly revenue and adjusted EBITDA with strong margins that support cash flow and deleveraging or shareholder returns.
• The company announced a quarterly dividend of $0.01 per share (annualized $0.04, ~0.2% yield); Wall Street consensus is a "Moderate Buy" with an average price target of $26, though some analysts have trimmed forward EPS estimates.

Triasima Portfolio Management inc. boosted its holdings in shares of HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 584,968 shares of the mining company's stock after purchasing an additional 53,135 shares during the quarter. HudBay Minerals comprises 1.7% of Triasima Portfolio Management inc.'s portfolio, making the stock its 15th biggest holding. Triasima Portfolio Management inc. owned 0.15% of HudBay Minerals worth $11,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in HudBay Minerals by 107.9% during the 3rd 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. Quarry LP bought a new stake in HudBay Minerals in the 3rd quarter worth approximately $38,000. Global Retirement Partners LLC bought a new stake in HudBay Minerals in the 3rd quarter worth approximately $45,000. IFP Advisors Inc bought a new stake in HudBay Minerals in the 3rd quarter worth approximately $45,000. Finally, Banque Cantonale Vaudoise increased its stake in HudBay Minerals by 513.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company's stock worth $48,000 after acquiring an additional 2,655 shares during the last quarter. Institutional investors own 57.82% of the company's stock.

Key Headlines Impacting HudBay Minerals

Here are the key news stories impacting HudBay Minerals this week:

• Positive Sentiment: Q1 results beat expectations — HudBay reported $0.40 EPS vs. consensus $0.34 and revenue grew ~27% year-over-year; margins were strong (net margin ~25.7%). This outperformance and improved profitability are constructive for cash flow and valuation. HudBay Minerals (HBM) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Company announced record quarterly revenue and record adjusted EBITDA for Q1, indicating stronger operating performance that supports free cash flow and potential deleveraging or shareholder returns. Hudbay Announces First Quarter 2026 Results and Delivers Record Quarterly Revenue and Adjusted EBITDA
• Neutral Sentiment: Management materials available — the company posted the press release, slide deck and conference call recording/transcript for Q1; investors should review guidance/comments on production, costs and commodity price sensitivity in the call. View Press Release View Slide Deck Listen to Conference Call
• Neutral Sentiment: Analyst write-ups and metric comparisons are available (Zacks review of key metrics vs. estimates) — useful for investors who want detail on volumes, realized prices and unit costs versus consensus. HudBay Minerals (HBM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Paradigm Capital cut near- and medium-term EPS estimates across Q2–Q4 2026 and FY2027–FY2029, trimming forward expectations; those downward revisions can pressure the stock despite the beat, as they reduce modeled upside and may prompt investor caution. (Paradigm note issued Apr. 27)

HudBay Minerals Stock Performance

NYSE HBM opened at $22.81 on Monday. The company has a market cap of $9.06 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.78 and a current ratio of 0.95. The business's 50 day moving average price is $23.03 and its 200-day moving average price is $20.92. HudBay Minerals Inc has a fifty-two week low of $7.33 and a fifty-two week high of $28.74.

HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last released its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The firm had revenue of $757.30 million for the quarter, compared to the consensus estimate of $684.73 million. HudBay Minerals had a return on equity of 10.81% and a net margin of 27.75%.The company's revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Sell-side analysts predict that HudBay Minerals Inc will post 1.56 earnings per share for the current year.

HudBay Minerals Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. HudBay Minerals's payout ratio is presently 1.20%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Zacks Research downgraded HudBay Minerals from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 17th. UBS Group assumed coverage on HudBay Minerals in a research note on Thursday, January 8th. They issued a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of HudBay Minerals in a research note on Monday, January 26th. Finally, Weiss Ratings raised 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, ten have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.00.

About HudBay Minerals

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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