State of Wyoming Has $58,000 Position in HudBay Minerals Inc $HBM

State of Wyoming lowered its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 36.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,702 shares of the mining company’s stock after selling 4,445 shares during the quarter. State of Wyoming’s holdings in HudBay Minerals were worth $58,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in HudBay Minerals by 9,877.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the mining company’s stock valued at $25,000 after purchasing an additional 3,062 shares during the period. SBI Securities Co. Ltd. grew its holdings in HudBay Minerals by 64.6% during the first 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 period. Banque Cantonale Vaudoise acquired a new position in HudBay Minerals during the first quarter valued at approximately $33,000. Algert Global LLC acquired a new position in HudBay Minerals during the fourth quarter valued at approximately $86,000. Finally, Hsbc Holdings PLC acquired a new position in HudBay Minerals during the fourth quarter valued at approximately $97,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

HudBay Minerals Stock Performance

Shares of HBM stock opened at $13.02 on Wednesday. The company’s fifty day simple moving average is $10.72 and its 200-day simple moving average is $9.02. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.15 billion, a PE ratio of 17.84, a P/E/G ratio of 0.32 and a beta of 1.51. HudBay Minerals Inc has a 12 month low of $5.95 and a 12 month high of $13.55.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced 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. The business had revenue of $536.40 million for the quarter, compared to analyst estimates of $558.21 million. HudBay Minerals had a net margin of 13.13% and a return on equity of 10.73%. The business’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts expect that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

HudBay Minerals Increases Dividend

The company also recently declared 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 17.0%. This is an increase 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 payout ratio is currently 1.37%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HBM shares. The Goldman Sachs Group started coverage on shares of HudBay Minerals in a report on Monday. They issued a “buy” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a report on Thursday, August 14th. Veritas upgraded shares of HudBay Minerals to a “strong-buy” rating in a report on Monday, July 7th. Scotiabank reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, May 13th. Finally, CIBC reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, HudBay Minerals has a consensus rating of “Buy”.

HudBay Minerals 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.