111 Capital Takes Position in HudBay Minerals Inc $HBM

111 Capital acquired a new position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 26,731 shares of the mining company’s stock, valued at approximately $405,000.

Several other large investors have also made changes to their positions in the business. Global Retirement Partners LLC bought a new position in HudBay Minerals in the 3rd quarter worth approximately $45,000. Jones Financial Companies Lllp boosted its position in shares of HudBay Minerals by 131.6% in the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after acquiring an additional 3,733 shares during the period. Plato Investment Management Ltd bought a new stake in shares of HudBay Minerals in the second quarter valued at approximately $84,000. Verus Capital Partners LLC acquired a new stake in shares of HudBay Minerals in the third quarter worth $152,000. Finally, Semanteon Capital Management LP bought a new position in HudBay Minerals during the third quarter worth $165,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Analyst Ratings Changes

HBM has been the topic of several research analyst reports. UBS Group initiated coverage on shares of HudBay Minerals in a research report on Thursday, January 8th. They issued a “buy” rating on the stock. Zacks Research cut shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings upgraded HudBay Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 10th. Finally, Citigroup raised their price objective on HudBay Minerals from $23.00 to $32.50 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $26.00.

HudBay Minerals Stock Down 6.8%

Shares of NYSE HBM opened at $24.93 on Wednesday. HudBay Minerals Inc has a 52-week low of $5.95 and a 52-week high of $28.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.78 and a current ratio of 0.95. The business has a fifty day moving average of $23.95 and a two-hundred day moving average of $18.37. The stock has a market cap of $9.89 billion, a PE ratio of 17.43, a PEG ratio of 0.36 and a beta of 1.27.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Friday, February 20th. The mining company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.18). HudBay Minerals had a return on equity of 8.91% and a net margin of 25.71%.The firm had revenue of $732.90 million during the quarter, compared to the consensus estimate of $730.13 million. During the same period in the previous year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, equities research analysts expect that HudBay Minerals Inc will post 0.79 earnings per share for the current fiscal year.

HudBay Minerals Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, March 27th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a dividend yield of 8.0%. HudBay Minerals’s dividend payout ratio (DPR) is presently 0.70%.

HudBay Minerals Profile

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.