TD Asset Management Inc Has $32.07 Million Position in HudBay Minerals Inc $HBM

TD Asset Management Inc increased its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 77.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,116,782 shares of the mining company’s stock after buying an additional 924,215 shares during the quarter. TD Asset Management Inc’s holdings in HudBay Minerals were worth $32,070,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of HudBay Minerals during the 3rd quarter worth approximately $45,000. Jones Financial Companies Lllp lifted its position in HudBay Minerals by 131.6% in 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. Plato Investment Management Ltd acquired a new stake in HudBay Minerals during the second quarter worth $84,000. Y Intercept Hong Kong Ltd bought a new stake in HudBay Minerals in the 2nd quarter valued at $116,000. Finally, Savvy Advisors Inc. acquired a new position in shares of HudBay Minerals in the 2nd quarter valued at $141,000. Institutional investors and hedge funds own 57.82% of the company’s stock.

HudBay Minerals Trading Up 1.0%

HBM stock opened at $28.32 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.76. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.70 and a beta of 1.33. The business has a fifty day moving average price of $23.71 and a 200 day moving average price of $18.06. HudBay Minerals Inc has a fifty-two week low of $5.95 and a fifty-two week high of $28.74.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced 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 for the quarter, compared to the consensus estimate of $730.13 million. During the same quarter in the previous year, the company posted $0.18 EPS. HudBay Minerals’s revenue for the quarter was up 25.3% on a year-over-year basis. Analysts expect that HudBay Minerals Inc will post 0.79 EPS for the current fiscal year.

HudBay Minerals Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, March 27th. Shareholders of record on Tuesday, March 10th will be given a $0.01 dividend. This represents a yield of 8.0%. The ex-dividend date is Tuesday, March 10th. HudBay Minerals’s dividend payout ratio (DPR) is presently 0.70%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HBM shares. Raymond James Financial reissued an “outperform” rating on shares of HudBay Minerals in a research note on Wednesday, January 14th. Scotiabank reiterated an “outperform” rating on shares of HudBay Minerals in a research note on Monday, January 26th. 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 reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Monday, November 17th. Finally, Zacks Research lowered HudBay Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, HudBay Minerals presently has a consensus rating of “Buy” and a consensus price target of $26.00.

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.