Woodline Partners LP lifted its position in HudBay Minerals Inc (NYSE:HBM - Free Report) TSE: HBM by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,250,425 shares of the mining company's stock after purchasing an additional 125,931 shares during the quarter. Woodline Partners LP owned about 0.57% of HudBay Minerals worth $17,081,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in HudBay Minerals by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 15,398,817 shares of the mining company's stock valued at $116,738,000 after buying an additional 131,012 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of HudBay Minerals by 2.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,993,620 shares of the mining company's stock valued at $113,657,000 after acquiring an additional 331,121 shares during the last quarter. L1 Capital Pty Ltd grew its holdings in shares of HudBay Minerals by 44.1% in the first quarter. L1 Capital Pty Ltd now owns 14,423,384 shares of the mining company's stock valued at $109,365,000 after purchasing an additional 4,410,778 shares in the last quarter. EdgePoint Investment Group Inc. increased its position in HudBay Minerals by 50.6% in the first quarter. EdgePoint Investment Group Inc. now owns 7,628,971 shares of the mining company's stock worth $57,848,000 after purchasing an additional 2,561,607 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in HudBay Minerals by 144.2% in the first quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company's stock worth $55,264,000 after purchasing an additional 4,299,428 shares during the last quarter. 57.82% of the stock is currently owned by hedge funds and other institutional investors.
HudBay Minerals Trading Down 0.2%
Shares of NYSE:HBM traded down $0.03 during trading hours on Friday, hitting $13.54. 5,299,660 shares of the company's stock traded hands, compared to its average volume of 4,934,164. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $13.64. The business has a fifty day moving average price of $10.88 and a 200-day moving average price of $9.15. The firm has a market capitalization of $5.36 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 0.33 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.86.
HudBay Minerals (NYSE:HBM - Get Free Report) TSE: HBM last issued its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The firm had revenue of $536.40 million for the quarter, compared to the consensus estimate of $558.21 million. HudBay Minerals's revenue was up 26.1% on a year-over-year basis. Equities analysts expect that HudBay Minerals Inc will post 0.79 earnings per share for the current year.
HudBay Minerals Increases Dividend
The firm also recently announced 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%. This is a positive change from HudBay Minerals's previous semi-annual dividend of $0.01. The ex-dividend date is Tuesday, September 2nd. HudBay Minerals's dividend payout ratio is 1.37%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Veritas upgraded shares of HudBay Minerals to a "strong-buy" rating in a research report on Monday, July 7th. Royal Bank Of Canada restated an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. National Bankshares reiterated an "outperform" rating on shares of HudBay Minerals in a research report on Thursday, August 14th. CIBC restated an "outperform" rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Finally, Wall Street Zen upgraded HudBay Minerals from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy".
Get Our Latest Analysis on HBM
About HudBay Minerals
(
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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