30,650 HudBay Minerals Inc $HBM Shares Purchased by Robeco Schweiz AG

Robeco Schweiz AG boosted its stake in HudBay Minerals Inc (NYSE:HBM – Free Report) (TSE:HBM) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,253,650 shares of the mining company’s stock after buying an additional 30,650 shares during the period. Robeco Schweiz AG’s holdings in HudBay Minerals were worth $33,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in HudBay Minerals by 7.8% in the first quarter. Royal Bank of Canada now owns 8,254,831 shares of the mining company’s stock valued at $172,526,000 after buying an additional 597,422 shares during the last quarter. Wellington Management Group LLP purchased a new position in HudBay Minerals during the second quarter worth about $130,557,000. William Blair Investment Management LLC acquired a new stake in shares of HudBay Minerals during the second quarter valued at about $99,536,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of HudBay Minerals during the second quarter valued at about $99,022,000. Finally, Bank of America Corp DE acquired a new stake in shares of HudBay Minerals during the second quarter valued at about $96,341,000. 57.82% of the stock is currently owned by hedge funds and other institutional investors.

HudBay Minerals Trading Up 0.3%

Shares of NYSE:HBM opened at $21.96 on Friday. HudBay Minerals Inc has a 52 week low of $14.34 and a 52 week high of $32.15. The company’s 50 day moving average is $26.69 and its two-hundred day moving average is $25.44. The company has a current ratio of 2.24, a quick ratio of 1.93 and a debt-to-equity ratio of 0.17. The company has a market cap of $9.75 billion, a PE ratio of 12.92, a P/E/G ratio of 0.40 and a beta of 1.58.

HudBay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last announced its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $631.30 million for the quarter, compared to analyst estimates of $632.43 million. HudBay Minerals had a net margin of 27.48% and a return on equity of 9.47%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Equities analysts predict that HudBay Minerals Inc will post 1.40 earnings per share for the current fiscal year.

HudBay Minerals Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 8th were paid a dividend of C$0.01 per share. The ex-dividend date was Tuesday, September 8th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. HudBay Minerals’s payout ratio is presently 1.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of HudBay Minerals from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of HudBay Minerals in a research report on Monday, July 6th. Bank of America cut their target price on HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Citigroup restated a “positive” rating on shares of HudBay Minerals in a research note on Wednesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.33.

View Our Latest Analysis on HBM

HudBay Minerals Profile

(Free Report)

Hudbay Minerals Inc is a Canadian mining company focused primarily on the exploration, development, and operation of copper, gold, zinc, and silver deposits. Copper is its principal product, with associated precious and base metals produced from several of its operations.

The company operates in Canada, Peru, and the United States. Its assets include the Constancia copper-molybdenum mine in southern Peru; the Snow Lake operations in Manitoba, which produce copper, gold, zinc, and silver; and the Copper Mountain mine in British Columbia.

Further Reading

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Institutional Ownership by Quarter for HudBay Minerals (NYSE:HBM)

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