Goehring & Rozencwajg Associates LLC Grows Holdings in HudBay Minerals Inc $HBM

Goehring & Rozencwajg Associates LLC increased its holdings in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 824,951 shares of the mining company’s stock after buying an additional 51,387 shares during the period. HudBay Minerals comprises 1.6% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 21st largest holding. Goehring & Rozencwajg Associates LLC’s holdings in HudBay Minerals were worth $16,380,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HBM. Jones Financial Companies Lllp increased its stake in HudBay Minerals by 131.6% during the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after buying an additional 3,733 shares during the period. Goldman Sachs Group Inc. increased its stake in 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 worth $55,264,000 after buying an additional 4,299,428 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in HudBay Minerals by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,687 shares of the mining company’s stock worth $3,337,000 after buying an additional 27,944 shares during the period. Geode Capital Management LLC increased its stake in HudBay Minerals by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 221,685 shares of the mining company’s stock worth $2,363,000 after buying an additional 15,235 shares during the period. Finally, Creative Planning increased its stake in HudBay Minerals by 5.4% during the 2nd quarter. Creative Planning now owns 25,067 shares of the mining company’s stock worth $266,000 after buying an additional 1,289 shares during the period. 57.82% of the stock is owned by hedge funds and other institutional investors.

HudBay Minerals Trading Up 4.3%

NYSE HBM opened at $27.79 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. HudBay Minerals Inc has a 52 week low of $8.93 and a 52 week high of $32.15. The stock has a market capitalization of $11.04 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43. The firm has a 50 day moving average of $25.26 and a two-hundred day moving average of $23.01.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The company had revenue of $757.30 million during the quarter, compared to analysts’ expectations of $684.73 million. During the same quarter in the previous year, the business posted $0.24 EPS. The firm’s revenue was up 27.3% on a year-over-year basis. As a group, research analysts expect that HudBay Minerals Inc will post 1.66 EPS for the current fiscal year.

HudBay Minerals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, June 9th. HudBay Minerals’s payout ratio is 1.81%.

Analyst Upgrades and Downgrades

HBM has been the topic of several recent research reports. Barclays initiated coverage on shares of HudBay Minerals in a research note on Thursday, May 21st. They set an “overweight” rating and a $30.00 target price on the stock. Wall Street Zen raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, HudBay Minerals presently has a consensus rating of “Buy” and an average target price of $27.33.

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.