Mudita Advisors LLP Boosts Stock Position in HudBay Minerals Inc $HBM

Mudita Advisors LLP raised its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 73.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 353,305 shares of the mining company’s stock after buying an additional 150,000 shares during the quarter. HudBay Minerals comprises about 1.4% of Mudita Advisors LLP’s investment portfolio, making the stock its 17th largest holding. Mudita Advisors LLP’s holdings in HudBay Minerals were worth $2,680,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HBM. Tower Research Capital LLC TRC boosted its holdings in HudBay Minerals by 9,877.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company’s stock worth $25,000 after acquiring an additional 3,062 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of 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 purchasing an additional 1,481 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of HudBay Minerals in the 1st quarter valued at approximately $33,000. Jones Financial Companies Lllp boosted its stake in HudBay Minerals by 131.6% in the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after purchasing an additional 3,733 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in HudBay Minerals during the 4th quarter worth approximately $86,000. 57.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HBM shares. Veritas raised shares of HudBay Minerals to a “strong-buy” rating in a report on Monday, July 7th. Wall Street Zen raised HudBay Minerals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. The Goldman Sachs Group started coverage on HudBay Minerals in a research report on Monday. They set a “buy” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Finally, CIBC reissued an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

HudBay Minerals Trading Down 1.3%

Shares of HudBay Minerals stock opened at $13.02 on Wednesday. The stock has a market cap of $5.15 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.51. The firm has a fifty day moving average price of $10.72 and a 200 day moving average price of $9.02. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $13.55. 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) (TSE:HBM) last announced 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. The company had revenue of $536.40 million for the quarter, compared to the consensus estimate of $558.21 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.HudBay Minerals’s quarterly revenue was up 26.1% compared to the same quarter last year. Equities research analysts predict that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.0073 per share. This is an increase from HudBay Minerals’s previous semi-annual dividend of $0.01. This represents a yield of 17.0%. The ex-dividend date is Tuesday, September 2nd. HudBay Minerals’s dividend payout ratio (DPR) is 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.