Swiss National Bank Sells 10,500 Shares of HudBay Minerals Inc $HBM

Swiss National Bank trimmed its holdings in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 1.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 768,000 shares of the mining company’s stock after selling 10,500 shares during the quarter. Swiss National Bank owned 0.19% of HudBay Minerals worth $5,827,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of HudBay Minerals by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 190,940 shares of the mining company’s stock worth $1,565,000 after acquiring an additional 6,973 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of HudBay Minerals during the 4th quarter worth approximately $183,000. Barclays PLC grew its stake in shares of HudBay Minerals by 7.9% during the 4th quarter. Barclays PLC now owns 93,286 shares of the mining company’s stock worth $756,000 after acquiring an additional 6,811 shares in the last quarter. Mariner LLC grew its stake in shares of HudBay Minerals by 38.7% during the 4th quarter. Mariner LLC now owns 77,217 shares of the mining company’s stock worth $625,000 after acquiring an additional 21,530 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new position in shares of HudBay Minerals during the 4th quarter worth approximately $186,000. 57.82% of the stock is owned by institutional investors.

HudBay Minerals Stock Performance

NYSE HBM opened at $10.96 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $8.65. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $12.10. The firm has a market capitalization of $4.34 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.28 and a beta of 1.63.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.91%. The firm had revenue of $536.40 million during the quarter, compared to analysts’ expectations of $558.21 million. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, research analysts anticipate that HudBay Minerals Inc will post 0.79 EPS for the current year.

HudBay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.0073 per share. This represents a yield of 10.0%. This is a positive change from HudBay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend is Tuesday, September 2nd. HudBay Minerals’s dividend payout ratio (DPR) is presently 1.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Thursday. Wall Street Zen lowered shares of HudBay Minerals from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Veritas raised shares of HudBay Minerals to a “strong-buy” rating in a research report on Monday, July 7th. CIBC reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, July 15th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Thursday. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

About HudBay Minerals

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.