GMT Capital Corp Has $489.86 Million Stock Holdings in HudBay Minerals Inc $HBM

GMT Capital Corp lessened its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,641,220 shares of the mining company’s stock after selling 3,462,400 shares during the quarter. HudBay Minerals accounts for 25.5% of GMT Capital Corp’s portfolio, making the stock its largest position. GMT Capital Corp owned about 0.06% of HudBay Minerals worth $489,858,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HBM. Jones Financial Companies Lllp lifted its holdings in shares of HudBay Minerals by 131.6% in the 1st quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after acquiring an additional 3,733 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of HudBay Minerals by 144.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company’s stock worth $55,264,000 after acquiring an additional 4,299,428 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of HudBay Minerals by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 439,687 shares of the mining company’s stock worth $3,337,000 after acquiring an additional 27,944 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of HudBay Minerals by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 221,685 shares of the mining company’s stock worth $2,363,000 after acquiring an additional 15,235 shares during the last quarter. Finally, Creative Planning lifted its holdings in HudBay Minerals by 5.4% during the 2nd quarter. Creative Planning now owns 25,067 shares of the mining company’s stock valued at $266,000 after buying an additional 1,289 shares in the last quarter. Institutional investors own 57.82% of the company’s stock.

HudBay Minerals Trading Up 4.3%

NYSE:HBM opened at $27.79 on Friday. HudBay Minerals Inc has a one year low of $8.93 and a one year high of $32.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.36. The firm has a market cap of $11.04 billion, a P/E ratio of 16.74, a P/E/G ratio of 0.32 and a beta of 1.43. The firm has a 50-day simple moving average of $25.26 and a 200-day simple moving average of $23.01.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. HudBay Minerals had a net margin of 27.75% and a return on equity of 10.04%. The business had revenue of $757.30 million during the quarter, compared to analyst estimates of $684.73 million. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was up 27.3% compared to the same quarter last year. Equities analysts anticipate that HudBay Minerals Inc will post 1.66 EPS for the current fiscal year.

HudBay Minerals Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, June 9th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. HudBay Minerals’s payout ratio is currently 1.81%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HBM. Wall Street Zen upgraded shares of HudBay Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays began coverage on shares of HudBay Minerals in a report on Thursday, May 21st. They set an “overweight” rating and a $30.00 price objective for the company. Zacks Research lowered shares of HudBay Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings lowered shares of HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $27.33.

HudBay Minerals Company 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.