Barometer Capital Management Inc. Has $705,000 Stock Position in HudBay Minerals Inc $HBM

Posted by Brenda Bartman on Jul 22nd, 2026

Barometer Capital Management Inc. lifted its stake in HudBay Minerals Inc (NYSE:HBM – Free Report) (TSE:HBM) by 259.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,750 shares of the mining company’s stock after purchasing an additional 24,350 shares during the period. Barometer Capital Management Inc.’s holdings in HudBay Minerals were worth $705,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Allworth Financial LP lifted its stake in HudBay Minerals by 107.9% in the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after buying an additional 1,033 shares during the period. Quarry LP bought a new stake in shares of HudBay Minerals in the 3rd quarter valued at about $38,000. IFP Advisors Inc acquired a new stake in shares of HudBay Minerals in the 3rd quarter valued at approximately $45,000. Banque Cantonale Vaudoise boosted its stake in HudBay Minerals by 513.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock worth $48,000 after acquiring an additional 2,655 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in HudBay Minerals by 131.6% during the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock valued at $50,000 after purchasing an additional 3,733 shares during the period. 57.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on HBM. Bank of America cut their target price on shares of HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a report on Thursday, July 9th. Jefferies Financial Group restated a “buy” rating on shares of HudBay Minerals in a research report on Monday, July 6th. Barclays raised their price objective on HudBay Minerals from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded HudBay Minerals from a “hold” rating to a “buy” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Get Our Latest Stock Analysis on HBM

HudBay Minerals Stock Up 10.1%

NYSE:HBM opened at $22.95 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.36. The company has a market cap of $10.19 billion, a PE ratio of 13.83, a PEG ratio of 0.31 and a beta of 1.48. HudBay Minerals Inc has a 52-week low of $8.93 and a 52-week high of $32.15. The stock has a 50-day simple moving average of $25.09 and a 200 day simple moving average of $24.07.

HudBay Minerals (NYSE:HBM – Get Free Report) (TSE:HBM) last announced its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. HudBay Minerals had a return on equity of 10.04% and a net margin of 27.75%.The business had revenue of $757.30 million for the quarter, compared to analyst estimates of $684.73 million. During the same quarter last year, the firm earned $0.24 EPS. HudBay Minerals’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, sell-side analysts expect that HudBay Minerals Inc will post 1.61 EPS for the current fiscal year.

HudBay Minerals Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Tuesday, June 9th were issued a $0.01 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. HudBay Minerals’s dividend payout ratio (DPR) is 1.81%.

About HudBay Minerals

(Free Report)

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.