HudBay Minerals Inc $HBM Stock Holdings Lessened by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. trimmed its stake in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,825 shares of the mining company’s stock after selling 7,700 shares during the quarter. HudBay Minerals accounts for 1.1% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 20th largest position. Heathbridge Capital Management Ltd.’s holdings in HudBay Minerals were worth $2,795,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Ausbil Investment Management Ltd lifted its position in shares of HudBay Minerals by 71.4% in the second quarter. Ausbil Investment Management Ltd now owns 60,000 shares of the mining company’s stock worth $635,000 after purchasing an additional 25,000 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of HudBay Minerals by 34.2% in the second quarter. Public Employees Retirement System of Ohio now owns 190,102 shares of the mining company’s stock worth $2,013,000 after purchasing an additional 48,459 shares in the last quarter. Ballentine Partners LLC raised its position in HudBay Minerals by 10.3% during the second quarter. Ballentine Partners LLC now owns 29,757 shares of the mining company’s stock valued at $316,000 after acquiring an additional 2,768 shares in the last quarter. Clear Harbor Asset Management LLC raised its position in HudBay Minerals by 66.0% during the second quarter. Clear Harbor Asset Management LLC now owns 16,600 shares of the mining company’s stock valued at $176,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Pacifica Partners Inc. raised its position in HudBay Minerals by 6.7% during the second quarter. Pacifica Partners Inc. now owns 25,921 shares of the mining company’s stock valued at $272,000 after acquiring an additional 1,625 shares in the last quarter. 57.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HBM has been the topic of several recent research reports. Raymond James Financial raised shares of HudBay Minerals to a “moderate buy” rating in a research report on Monday, June 30th. Wall Street Zen raised shares of HudBay Minerals from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 10th. Veritas raised shares of HudBay Minerals to a “strong-buy” rating in a research report on Monday, July 7th. National Bankshares reaffirmed an “outperform” rating on shares of HudBay Minerals in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group initiated coverage on shares of HudBay Minerals in a research report on Monday, September 8th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

HudBay Minerals Trading Up 0.9%

Shares of HBM stock opened at $15.80 on Wednesday. HudBay Minerals Inc has a 12 month low of $5.95 and a 12 month high of $16.46. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $12.33 and its two-hundred day moving average is $9.98. The company has a market cap of $6.26 billion, a PE ratio of 21.64 and a beta of 1.55.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings results on Wednesday, August 13th. The mining company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. HudBay Minerals had a return on equity of 10.73% and a net margin of 13.13%.The company had revenue of $536.40 million for the quarter, compared to the consensus estimate of $558.21 million. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities analysts predict that HudBay Minerals Inc will post 0.79 EPS for the current year.

HudBay Minerals Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 2nd were paid a $0.0073 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from HudBay Minerals’s previous semi-annual dividend of $0.01. This represents a dividend yield of 17.0%. HudBay Minerals’s dividend payout ratio is 1.37%.

HudBay Minerals Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.