Vise Technologies Inc. Purchases Shares of 20,603 HudBay Minerals Inc $HBM

Vise Technologies Inc. purchased a new position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,603 shares of the mining company’s stock, valued at approximately $486,000.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of 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 buying an additional 1,033 shares in the last quarter. Quarry LP bought a new stake in HudBay Minerals during the 3rd quarter worth approximately $38,000. IFP Advisors Inc bought a new stake in HudBay Minerals during the 3rd quarter worth approximately $45,000. Banque Cantonale Vaudoise lifted its holdings in HudBay Minerals by 513.5% during the third quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock valued at $48,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in HudBay Minerals by 131.6% during the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after purchasing an additional 3,733 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Trading Down 1.5%

HBM stock opened at $29.60 on Tuesday. HudBay Minerals Inc has a 1-year low of $11.48 and a 1-year high of $32.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.24 and a quick ratio of 1.93. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 0.46 and a beta of 1.48. The business has a 50 day simple moving average of $24.47 and a two-hundred day simple moving average of $24.45.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $631.30 million during the quarter, compared to analyst estimates of $632.43 million. HudBay Minerals had a net margin of 27.48% and a return on equity of 9.47%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. Research analysts anticipate that HudBay Minerals Inc will post 1.58 EPS for the current fiscal year.

HudBay Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 8th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. HudBay Minerals’s payout ratio is currently 1.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HBM. Weiss Ratings cut shares of HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Thursday, July 30th. Barclays increased their price target on HudBay Minerals from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Bank of America decreased their price target on HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a report on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, HudBay Minerals currently has an average rating of “Moderate Buy” and an average target price of $31.33.

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.