HudBay Minerals Inc $HBM is Mountaineer Partners Management LLC’s 3rd Largest Position

Mountaineer Partners Management LLC cut its holdings in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 15.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 955,419 shares of the mining company’s stock after selling 169,013 shares during the quarter. HudBay Minerals accounts for about 8.4% of Mountaineer Partners Management LLC’s investment portfolio, making the stock its 3rd largest holding. Mountaineer Partners Management LLC’s holdings in HudBay Minerals were worth $14,484,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of HudBay Minerals in the 3rd quarter valued at about $45,000. Banque Cantonale Vaudoise boosted its holdings in shares of HudBay Minerals by 513.5% during the third 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 during the period. Jones Financial Companies Lllp boosted its holdings in shares of HudBay Minerals by 131.6% during the first quarter. Jones Financial Companies Lllp now owns 6,570 shares of the mining company’s stock worth $50,000 after purchasing an additional 3,733 shares during the period. Kelleher Financial Advisors purchased a new position in HudBay Minerals during the third quarter valued at approximately $67,000. Finally, Quadrant Capital Group LLC purchased a new position in HudBay Minerals during the third quarter valued at approximately $123,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

HudBay Minerals Price Performance

Shares of HBM opened at $21.12 on Tuesday. The firm has a market cap of $8.38 billion, a PE ratio of 14.77, a PEG ratio of 0.28 and a beta of 1.27. The firm’s 50 day moving average price is $24.38 and its 200 day moving average price is $19.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.78 and a current ratio of 0.95. HudBay Minerals Inc has a twelve month low of $5.95 and a twelve month high of $28.74.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its earnings results on Friday, February 20th. The mining company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.18). HudBay Minerals had a return on equity of 8.91% and a net margin of 25.71%.The business had revenue of $732.90 million during the quarter, compared to the consensus estimate of $730.13 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. As a group, research analysts expect that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

HudBay Minerals Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 27th. Investors of record on Tuesday, March 10th will be paid a $0.01 dividend. This represents a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, March 10th. HudBay Minerals’s payout ratio is presently 0.70%.

Analyst Ratings Changes

A number of research firms have issued reports on HBM. UBS Group started coverage on shares of HudBay Minerals in a research report on Thursday, January 8th. They issued a “buy” rating for the company. Wall Street Zen cut shares of HudBay Minerals from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of HudBay Minerals in a report on Monday, November 17th. Finally, Weiss Ratings raised HudBay Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $26.00.

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.