Louisbourg Investments Inc. Raises Position in HudBay Minerals Inc $HBM

Louisbourg Investments Inc. lifted its position in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 8.3% during the first quarter, HoldingsChannel.com reports. The fund owned 285,900 shares of the mining company’s stock after acquiring an additional 22,000 shares during the period. Louisbourg Investments Inc.’s holdings in HudBay Minerals were worth $5,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FIL Ltd raised its position in shares of HudBay Minerals by 202.0% in the fourth quarter. FIL Ltd now owns 33,143,172 shares of the mining company’s stock valued at $658,010,000 after buying an additional 22,169,339 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in HudBay Minerals in the 3rd quarter valued at about $123,736,000. Mackenzie Financial Corp lifted its stake in HudBay Minerals by 116.1% in the 4th quarter. Mackenzie Financial Corp now owns 10,178,626 shares of the mining company’s stock worth $202,327,000 after purchasing an additional 5,468,109 shares in the last quarter. Norges Bank purchased a new position in HudBay Minerals in the 4th quarter worth approximately $105,315,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of HudBay Minerals by 144.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,281,095 shares of the mining company’s stock worth $55,264,000 after purchasing an additional 4,299,428 shares during the last quarter. Hedge funds and other institutional investors own 57.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HBM. Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a report on Thursday. Wall Street Zen raised shares of HudBay Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a report on Tuesday, April 21st. Barclays started coverage on shares of HudBay Minerals in a research report on Thursday, May 21st. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Weiss Ratings cut HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $27.33.

Trending Headlines about HudBay Minerals

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

• Positive Sentiment: Scotiabank raised multiple future EPS estimates for HudBay Minerals, including FY2027 and FY2029, signaling stronger long-term earnings expectations.
• Positive Sentiment: The firm maintained its Outperform rating, which may reinforce investor confidence in the stock’s outlook.
• Neutral Sentiment: Scotiabank trimmed its FY2026 EPS estimate slightly to $1.62 from $1.63 and lowered FY2028 EPS to $1.63 from $1.68, offsetting some of the optimism in later years.

HudBay Minerals Stock Down 0.9%

HBM opened at $23.33 on Friday. The stock has a market capitalization of $9.27 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. HudBay Minerals Inc has a one year low of $8.93 and a one year high of $32.15. The business’s 50-day simple moving average is $25.89 and its 200-day simple moving average is $23.69. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.36.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Friday, May 1st. The mining company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The business had revenue of $757.30 million during the quarter, compared to the consensus estimate of $684.73 million. HudBay Minerals had a return on equity of 10.04% and a net margin of 27.75%.The company’s revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. Analysts anticipate that HudBay Minerals Inc will post 1.65 EPS for the current year.

HudBay Minerals Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Tuesday, June 9th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, June 9th. HudBay Minerals’s dividend payout ratio (DPR) is 1.81%.

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.