HudBay Minerals Inc $HBM Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 111.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 391,140 shares of the mining company’s stock after buying an additional 206,407 shares during the period. O Shaughnessy Asset Management LLC’s holdings in HudBay Minerals were worth $7,766,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in HudBay Minerals by 107.9% during the 3rd 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 acquired a new position in shares of HudBay Minerals in the 3rd quarter worth approximately $38,000. IFP Advisors Inc bought a new stake in shares of HudBay Minerals in the 3rd quarter worth approximately $45,000. Banque Cantonale Vaudoise raised its holdings in shares of HudBay Minerals by 513.5% in the 3rd quarter. Banque Cantonale Vaudoise now owns 3,172 shares of the mining company’s stock worth $48,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of HudBay Minerals in the 3rd quarter worth approximately $67,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

Analysts Set New Price Targets

HBM has been the topic of a number of research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, April 21st. Citigroup boosted their target price on shares of HudBay Minerals from $23.00 to $32.50 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Zacks Research downgraded shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings downgraded shares of HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Finally, Wall Street Zen upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $27.33.

HudBay Minerals Stock Performance

HudBay Minerals stock opened at $24.64 on Thursday. The firm’s 50 day simple moving average is $25.03 and its 200-day simple moving average is $22.89. The company has a market cap of $9.79 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.36 and a quick ratio of 1.20. HudBay Minerals Inc has a fifty-two week low of $8.93 and a fifty-two week high of $32.15.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. The business had revenue of $757.30 million for the quarter, compared to the consensus estimate of $684.73 million. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. As a group, equities research analysts predict that HudBay Minerals Inc will post 1.66 EPS for the current year.

HudBay Minerals Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, June 9th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, June 9th. HudBay Minerals’s dividend payout ratio (DPR) is 1.81%.

HudBay Minerals Profile

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.