Charles Schwab Investment Management Inc. Sells 42,489 Shares of HudBay Minerals Inc $HBM

Charles Schwab Investment Management Inc. lessened its stake in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 3.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,040,809 shares of the mining company’s stock after selling 42,489 shares during the period. Charles Schwab Investment Management Inc. owned 0.26% of HudBay Minerals worth $7,890,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of 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 during the period. SBI Securities Co. Ltd. boosted its stake in shares of HudBay Minerals by 64.6% in the first quarter. SBI Securities Co. Ltd. now owns 3,773 shares of the mining company’s stock worth $29,000 after acquiring an additional 1,481 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of HudBay Minerals in the first quarter worth about $33,000. Algert Global LLC bought a new position in shares of HudBay Minerals in the fourth quarter worth about $86,000. Finally, Hsbc Holdings PLC bought a new position in shares of HudBay Minerals in the fourth quarter worth about $97,000. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Price Performance

NYSE:HBM opened at $11.66 on Tuesday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 0.29 and a beta of 1.63. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $12.10. The business has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $8.74. 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 posted its quarterly earnings data on Wednesday, August 13th. The mining company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $536.40 million during the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The firm’s revenue was up 26.1% compared to the same quarter last year. Equities analysts forecast 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. Stockholders of record on Tuesday, September 2nd will be paid a $0.0073 dividend. This represents a dividend yield of 10.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from HudBay Minerals’s previous semi-annual dividend of $0.01. HudBay Minerals’s dividend payout ratio is 1.37%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HBM shares. National Bankshares reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, August 14th. CIBC reissued an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, July 15th. Wall Street Zen raised HudBay Minerals from a “buy” rating to a “strong-buy” rating in a research note on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, August 14th. Finally, Raymond James Financial raised HudBay Minerals to a “moderate buy” rating in a research note on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.