GMT Capital Corp lowered its position in Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,630,000 shares of the mining company’s stock after selling 576,000 shares during the quarter. Hudbay Minerals makes up about 3.7% of GMT Capital Corp’s investment portfolio, making the stock its 7th largest position. GMT Capital Corp owned 0.11% of Hudbay Minerals worth $153,961,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of HBM. Swiss National Bank boosted its position in Hudbay Minerals by 6.1% during the first quarter. Swiss National Bank now owns 469,900 shares of the mining company’s stock worth $3,322,000 after purchasing an additional 26,900 shares during the period. Neuberger Berman Group LLC boosted its position in Hudbay Minerals by 78.7% during the first quarter. Neuberger Berman Group LLC now owns 19,794 shares of the mining company’s stock worth $140,000 after purchasing an additional 8,718 shares during the period. Usca Ria LLC bought a new stake in Hudbay Minerals during the first quarter worth approximately $280,000. Federated Investors Inc. PA boosted its position in Hudbay Minerals by 4.7% during the first quarter. Federated Investors Inc. PA now owns 335,000 shares of the mining company’s stock worth $2,371,000 after purchasing an additional 15,000 shares during the period. Finally, Matarin Capital Management LLC bought a new stake in Hudbay Minerals during the first quarter worth approximately $705,000. 58.07% of the stock is owned by institutional investors.
HBM opened at $4.55 on Monday. Hudbay Minerals Inc has a 1-year low of $4.13 and a 1-year high of $10.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.15 and a quick ratio of 1.70. The company has a market capitalization of $1.16 billion, a PE ratio of 7.98 and a beta of 2.96.
Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Tuesday, July 31st. The mining company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Hudbay Minerals had a net margin of 13.40% and a return on equity of 8.66%. The business had revenue of $371.29 million during the quarter, compared to the consensus estimate of $386.00 million. sell-side analysts predict that Hudbay Minerals Inc will post 0.34 EPS for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.0077 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a dividend yield of 0.31%. Hudbay Minerals’s dividend payout ratio is 3.51%.
A number of equities research analysts have issued reports on HBM shares. ValuEngine raised Hudbay Minerals from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 7th. Zacks Investment Research cut Hudbay Minerals from a “hold” rating to a “sell” rating in a research report on Thursday, July 5th. Credit Suisse Group reissued a “neutral” rating on shares of Hudbay Minerals in a research report on Monday, September 10th. Scotiabank cut Hudbay Minerals from a “focus list” rating to an “outperform” rating in a research report on Monday, June 25th. Finally, Bank of America began coverage on Hudbay Minerals in a research report on Tuesday, August 14th. They issued a “neutral” rating and a $6.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $9.25.
Hudbay Minerals Profile
Hudbay Minerals Inc, an integrated mining company, together with its subsidiaries, focuses on the discovery, production, and marketing of base and precious metals in North and South America. It produces copper concentrates containing copper, gold, and silver; and zinc metal. The company owns four polymetallic mines, four ore concentrators, and a zinc production facility in northern Manitoba and Saskatchewan, Canada, as well as in Cusco, Peru; and a copper project in Arizona, the United States.
Featured Story: Asset Allocation
Want to see what other hedge funds are holding HBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hudbay Minerals Inc (NYSE:HBM) (TSE:HBM).
Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.