HudBay Minerals Inc $HBM Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 489,033 shares of the mining company’s stock after buying an additional 26,767 shares during the quarter. TD Waterhouse Canada Inc. owned 0.11% of HudBay Minerals worth $11,064,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Nykredit A S acquired a new stake in HudBay Minerals in the 2nd quarter valued at about $57,000. Bornite Capital Management LP acquired a new position in shares of HudBay Minerals in the 2nd quarter worth approximately $50,353,000. Addenda Capital Inc. grew its stake in shares of HudBay Minerals by 203.4% in the 2nd quarter. Addenda Capital Inc. now owns 1,872,488 shares of the mining company’s stock worth $44,209,000 after purchasing an additional 1,255,330 shares during the last quarter. Flputnam Investment Management Co. bought a new stake in shares of HudBay Minerals in the 2nd quarter worth approximately $347,000. Finally, Van ECK Associates Corp lifted its stake in HudBay Minerals by 68.9% during the second quarter. Van ECK Associates Corp now owns 3,172,033 shares of the mining company’s stock valued at $74,895,000 after purchasing an additional 1,294,482 shares during the last quarter. 57.82% of the stock is owned by institutional investors and hedge funds.

HudBay Minerals Trading Down 0.9%

NYSE HBM opened at $27.45 on Friday. HudBay Minerals Inc has a twelve month low of $12.53 and a twelve month high of $32.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.93 and a current ratio of 2.24. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 0.41 and a beta of 1.54. The firm’s 50 day moving average price is $24.93 and its two-hundred day moving average price is $24.66.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last released its earnings results 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 company had revenue of $631.30 million during the quarter, compared to analyst estimates of $632.43 million. HudBay Minerals had a return on equity of 9.47% and a net margin of 27.48%.The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities analysts anticipate that HudBay Minerals Inc will post 1.51 EPS for the current year.

HudBay Minerals Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on HBM shares. Wall Street Zen lowered shares of HudBay Minerals from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Bank of America cut their price objective on HudBay Minerals from $33.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group restated a “buy” rating on shares of HudBay Minerals in a report on Monday, July 6th. Barclays upped their target price on HudBay Minerals from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, July 30th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

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.