Wealth High Governance Capital Ltda Sells 260,884 Shares of HudBay Minerals Inc $HBM

Wealth High Governance Capital Ltda decreased its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 42.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 360,000 shares of the mining company’s stock after selling 260,884 shares during the quarter. HudBay Minerals accounts for 1.6% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 26th largest position. Wealth High Governance Capital Ltda’s holdings in HudBay Minerals were worth $5,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HBM. Global Retirement Partners LLC purchased a new position in HudBay Minerals in the 3rd quarter worth 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 valued at $48,000 after purchasing an additional 2,655 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in HudBay Minerals by 131.6% during the 1st 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 last quarter. Quadrant Capital Group LLC bought a new stake in shares of HudBay Minerals in the 3rd quarter worth $123,000. Finally, Verus Capital Partners LLC bought a new stake in shares of HudBay Minerals in the 3rd quarter worth $152,000. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Stock Performance

Shares of HBM stock traded down $0.87 on Friday, reaching $20.98. The stock had a trading volume of 1,234,243 shares, compared to its average volume of 6,407,943. The stock has a market cap of $8.32 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 0.31 and a beta of 1.27. HudBay Minerals Inc has a 1 year low of $5.95 and a 1 year high of $28.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.78 and a current ratio of 0.95. The company has a 50 day simple moving average of $24.37 and a 200 day simple moving average of $18.84.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Friday, February 20th. The mining company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.18). HudBay Minerals had a net margin of 25.71% and a return on equity of 8.91%. The firm had revenue of $732.90 million for the quarter, compared to analysts’ expectations of $730.13 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. Equities research analysts expect that HudBay Minerals Inc will post 0.79 EPS for the current year.

HudBay Minerals Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, March 27th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.01 per share. This represents a dividend yield of 9.0%. The ex-dividend date is Tuesday, March 10th. HudBay Minerals’s payout ratio is currently 0.70%.

Analyst Upgrades and Downgrades

HBM has been the topic of a number of research analyst reports. Zacks Research downgraded HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. UBS Group assumed coverage on HudBay Minerals in a report on Thursday, January 8th. They issued a “buy” rating for the company. Royal Bank Of Canada restated an “outperform” rating on shares of HudBay Minerals in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Thursday, January 15th. Finally, National Bank Financial lowered shares of HudBay Minerals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $26.00.

About HudBay Minerals

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.