Jupiter Asset Management Ltd. Makes New $525,000 Investment in HudBay Minerals Inc $HBM

Jupiter Asset Management Ltd. bought a new stake in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,631 shares of the mining company’s stock, valued at approximately $525,000.

Several other hedge funds also recently modified their holdings of HBM. GMT Capital Corp purchased a new stake in HudBay Minerals in the 2nd quarter valued at $337,809,000. Hancock Prospecting Pty Ltd bought a new stake in shares of HudBay Minerals in the 2nd quarter worth $154,359,000. Picton Mahoney Asset Management bought a new stake in shares of HudBay Minerals in the 2nd quarter worth $61,432,000. Norges Bank purchased a new stake in shares of HudBay Minerals in the second quarter valued at about $60,053,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of HudBay Minerals by 144.2% during the first quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company’s stock valued at $55,264,000 after purchasing an additional 4,299,428 shares in the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Wall Street Analysts Forecast Growth

HBM has been the subject of a number of recent analyst reports. National Bank Financial downgraded shares of HudBay Minerals from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Monday, November 17th. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Monday, January 26th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, January 15th. Finally, UBS Group started coverage on HudBay Minerals in a research report on Thursday, January 8th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $26.00.

HudBay Minerals Price Performance

Shares of NYSE HBM opened at $25.00 on Monday. The stock has a fifty day simple moving average of $22.84 and a two-hundred day simple moving average of $17.54. HudBay Minerals Inc has a 1-year low of $5.95 and a 1-year high of $28.74. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 17.48 and a beta of 1.33. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its earnings results on Friday, February 20th. The mining company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.18). HudBay Minerals had a net margin of 25.71% and a return on equity of 9.16%. The firm had revenue of $732.90 million during the quarter, compared to the consensus estimate of $730.13 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. Analysts anticipate that HudBay Minerals Inc will post 0.79 earnings per share for the current year.

HudBay Minerals Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 27th. Shareholders 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 yield of 8.0%. HudBay Minerals’s dividend payout ratio is 0.86%.

Key HudBay Minerals News

Here are the key news stories impacting HudBay Minerals this week:

• Positive Sentiment: Received key permit amendments for the New Ingerbelle expansion at the Copper Mountain mine — permits (Mines Act and Environmental Management Act) were issued via B.C.’s Major Mines Office, extending mine life, lifting copper/gold production profile and protecting ~800 jobs, which strengthens project optionality and long‑term cash flow visibility. Hudbay Receives New Ingerbelle Expansion Permits for Copper Mountain
• Positive Sentiment: Posted record fourth-quarter and full-year 2025 results and confirmed 2026 production/cost guidance — achievement of consolidated copper and gold production and cost targets supports forward margin expectations and underpins the company’s growth narrative. Hudbay Delivers Record Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Third‑party valuation/analysis notes the stock has run up materially over multiple years and is worth re‑assessing — useful for investors considering whether current valuation already reflects the recent operational gains. Assessing Hudbay Minerals (TSX:HBM) Valuation After A Strong Multi Year Share Price Surge
• Negative Sentiment: Quarterly EPS missed consensus — reported $0.22 EPS vs. Street estimates (Zacks cited $0.40 / Marketbeat cited $0.30), though revenue rose ~25% YoY; the EPS shortfall is pressuring near‑term sentiment despite underlying revenue and margin strength. HudBay Minerals (HBM) Misses Q4 Earnings and Revenue Estimates
• Negative Sentiment: Zacks downgraded the stock from “strong-buy” to “hold” — analyst rating changes can amplify short-term selling or slow further multiple expansion even as operational news is positive. Zacks Research downgrade

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.