Jennison Associates LLC Decreases Stock Holdings in HudBay Minerals Inc $HBM

Jennison Associates LLC trimmed its position in shares of HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,345 shares of the mining company’s stock after selling 24,526 shares during the period. Jennison Associates LLC’s holdings in HudBay Minerals were worth $4,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of HudBay Minerals by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 16,198,255 shares of the mining company’s stock worth $245,355,000 after acquiring an additional 373,399 shares in the last quarter. Invesco Ltd. increased its position in shares of HudBay Minerals by 0.4% during the 3rd quarter. Invesco Ltd. now owns 11,391,356 shares of the mining company’s stock valued at $172,693,000 after purchasing an additional 46,948 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of HudBay Minerals by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,334,474 shares of the mining company’s stock valued at $171,832,000 after purchasing an additional 348,278 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of HudBay Minerals by 10.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,502,218 shares of the mining company’s stock valued at $159,111,000 after purchasing an additional 986,278 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of HudBay Minerals during the 3rd quarter valued at approximately $123,736,000. 57.82% of the stock is owned by hedge funds and other institutional investors.

HudBay Minerals Stock Performance

Shares of HudBay Minerals stock opened at $22.81 on Friday. The stock’s fifty day moving average is $23.03 and its two-hundred day moving average is $20.89. The company has a market capitalization of $9.06 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.28 and a beta of 1.37. The company has a quick ratio of 0.78, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. HudBay Minerals Inc has a 52 week low of $7.33 and a 52 week high of $28.74.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last announced its quarterly earnings data on Friday, May 1st. The mining company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $757.30 million for the quarter, compared to the consensus estimate of $684.73 million. HudBay Minerals had a return on equity of 8.91% and a net margin of 25.71%.HudBay Minerals’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. As a group, analysts expect that HudBay Minerals Inc will post 1.56 earnings per share for the current year.

HudBay Minerals Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.2%. HudBay Minerals’s dividend payout ratio is presently 0.70%.

Key Stories Impacting HudBay Minerals

Here are the key news stories impacting HudBay Minerals this week:

• Positive Sentiment: Q1 results beat expectations — HudBay reported $0.40 EPS vs. consensus $0.34 and revenue grew ~27% year-over-year; margins were strong (net margin ~25.7%). This outperformance and improved profitability are constructive for cash flow and valuation. HudBay Minerals (HBM) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Company announced record quarterly revenue and record adjusted EBITDA for Q1, indicating stronger operating performance that supports free cash flow and potential deleveraging or shareholder returns. Hudbay Announces First Quarter 2026 Results and Delivers Record Quarterly Revenue and Adjusted EBITDA
• Neutral Sentiment: Management materials available — the company posted the press release, slide deck and conference call recording/transcript for Q1; investors should review guidance/comments on production, costs and commodity price sensitivity in the call. View Press Release View Slide Deck Listen to Conference Call
• Neutral Sentiment: Analyst write-ups and metric comparisons are available (Zacks review of key metrics vs. estimates) — useful for investors who want detail on volumes, realized prices and unit costs versus consensus. HudBay Minerals (HBM) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
• Negative Sentiment: Paradigm Capital cut near- and medium-term EPS estimates across Q2–Q4 2026 and FY2027–FY2029, trimming forward expectations; those downward revisions can pressure the stock despite the beat, as they reduce modeled upside and may prompt investor caution. (Paradigm note issued Apr. 27)

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HBM. Raymond James Financial reissued an “outperform” rating on shares of HudBay Minerals in a research report on Wednesday, January 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of HudBay Minerals in a research report on Tuesday, April 21st. Scotiabank reissued an “outperform” rating on shares of HudBay Minerals in a research report on Monday, January 26th. UBS Group began coverage on HudBay Minerals in a research report on Thursday, January 8th. They set a “buy” rating on the stock. Finally, Weiss Ratings raised HudBay Minerals from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.