Ceredex Value Advisors LLC Makes New $12.46 Million Investment in HudBay Minerals Inc $HBM

Ceredex Value Advisors LLC acquired a new position in HudBay Minerals Inc (NYSE:HBMFree Report) (TSE:HBM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 527,650 shares of the mining company’s stock, valued at approximately $12,458,000. Ceredex Value Advisors LLC owned about 0.12% of HudBay Minerals as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP grew its holdings in shares of HudBay Minerals by 6.0% during the 1st quarter. Quantinno Capital Management LP now owns 11,597 shares of the mining company’s stock valued at $242,000 after purchasing an additional 657 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in HudBay Minerals by 0.6% in the fourth quarter. Vontobel Holding Ltd. now owns 126,090 shares of the mining company’s stock worth $2,503,000 after purchasing an additional 738 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in HudBay Minerals by 25.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,933 shares of the mining company’s stock worth $98,000 after purchasing an additional 986 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in HudBay Minerals by 2.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 37,766 shares of the mining company’s stock valued at $892,000 after buying an additional 992 shares during the period. Finally, Allworth Financial LP boosted its position in HudBay Minerals by 107.9% during 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. Hedge funds and other institutional investors own 57.82% of the company’s stock.

HudBay Minerals Trading Up 2.6%

Shares of HBM opened at $28.18 on Friday. The stock has a market capitalization of $12.52 billion, a P/E ratio of 16.58, a PEG ratio of 0.42 and a beta of 1.48. HudBay Minerals Inc has a twelve month low of $10.97 and a twelve month high of $32.15. The company has a quick ratio of 1.93, a current ratio of 2.24 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $24.40 and a two-hundred day simple moving average of $24.38.

HudBay Minerals (NYSE:HBMGet Free Report) (TSE:HBM) last released its quarterly earnings data on Wednesday, July 29th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $631.30 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. On average, research analysts anticipate that HudBay Minerals Inc will post 1.58 EPS for the current year.

HudBay Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Tuesday, September 8th. HudBay Minerals’s payout ratio is currently 1.76%.

Wall Street Analyst Weigh In

HBM has been the topic of a number of recent research reports. Wall Street Zen cut HudBay Minerals from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, July 30th. Weiss Ratings cut HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Jefferies Financial Group restated a “buy” rating on shares of HudBay Minerals in a research report on Monday, July 6th. Finally, Bank of America decreased their price target on HudBay Minerals from $33.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.33.

View Our Latest Stock Report on HudBay Minerals

HudBay Minerals Profile

(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.

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

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