Vontobel Holding Ltd. Has $1.77 Million Stake in HudBay Minerals Inc $HBM

Vontobel Holding Ltd. decreased its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 2.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 166,787 shares of the mining company’s stock after selling 4,813 shares during the period. Vontobel Holding Ltd.’s holdings in HudBay Minerals were worth $1,771,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 buying an additional 331,121 shares during the period. L1 Capital Pty Ltd boosted its stake in shares of HudBay Minerals by 44.1% during the 1st quarter. L1 Capital Pty Ltd now owns 14,423,384 shares of the mining company’s stock valued at $109,365,000 after buying an additional 4,410,778 shares during the period. EdgePoint Investment Group Inc. boosted its stake in shares of HudBay Minerals by 50.6% during the 1st quarter. EdgePoint Investment Group Inc. now owns 7,628,971 shares of the mining company’s stock valued at $57,848,000 after buying an additional 2,561,607 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of HudBay Minerals by 144.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company’s stock valued at $55,264,000 after buying an additional 4,299,428 shares during the period. Institutional investors and hedge funds own 57.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of HudBay Minerals in a research note on Wednesday. Royal Bank Of Canada restated an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Raymond James Financial restated an “outperform” rating on shares of HudBay Minerals in a report on Friday. National Bankshares restated an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of HudBay Minerals from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, HudBay Minerals currently has a consensus rating of “Buy”.

HudBay Minerals Price Performance

NYSE:HBM opened at $16.58 on Friday. The firm has a market cap of $6.56 billion, a PE ratio of 22.71 and a beta of 1.55. HudBay Minerals Inc has a 12 month low of $5.95 and a 12 month high of $17.47. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $12.80 and its two-hundred day moving average price is $10.16.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The firm had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. On average, equities analysts anticipate that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

HudBay Minerals Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.0073 per share. The ex-dividend date was Tuesday, September 2nd. This is a positive change from HudBay Minerals’s previous semi-annual dividend of $0.01. This represents a dividend yield of 17.0%. HudBay Minerals’s dividend payout ratio (DPR) is currently 1.37%.

HudBay Minerals Company 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.