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

Louisbourg Investments Inc. raised its stake in HudBay Minerals Inc (NYSE:HBM) (TSE:HBM) by 8.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,900 shares of the mining company’s stock after buying an additional 22,000 shares during the period. Louisbourg Investments Inc. owned about 0.07% of HudBay Minerals worth $5,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Allworth Financial LP raised its stake in shares of HudBay Minerals by 107.9% during the third quarter. Allworth Financial LP now owns 1,990 shares of the mining company’s stock valued at $30,000 after acquiring an additional 1,033 shares in the last quarter. Quarry LP purchased a new stake in shares of HudBay Minerals in the third quarter valued at approximately $38,000. IFP Advisors Inc bought a new position in HudBay Minerals in the third quarter worth approximately $45,000. Banque Cantonale Vaudoise grew its stake in HudBay Minerals by 513.5% in 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 in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in HudBay Minerals by 131.6% during the 1st 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. 57.82% of the stock is owned by hedge funds and other institutional investors.

HudBay Minerals News Roundup

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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays initiated coverage on HudBay Minerals in a research report on Thursday, May 21st. They set an “overweight” rating and a $30.00 target price for the company. Weiss Ratings downgraded HudBay Minerals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of HudBay Minerals in a research note on Tuesday, April 21st. Wall Street Zen upgraded HudBay Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of HudBay Minerals in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, HudBay Minerals currently has a consensus rating of “Buy” and an average target price of $27.33.

HudBay Minerals Price Performance

Shares of HudBay Minerals stock opened at $23.33 on Friday. The firm has a market cap of $9.27 billion, a PE ratio of 14.05, a P/E/G ratio of 0.27 and a beta of 1.43. HudBay Minerals Inc has a twelve month low of $8.93 and a twelve month high of $32.15. The company has a quick ratio of 1.20, a current ratio of 1.36 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $25.89 and a 200 day moving average price of $23.69.

HudBay Minerals (NYSE:HBM) (TSE:HBM) last issued its quarterly earnings results on Friday, May 1st. The mining company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 10.04% and a net margin of 27.75%.HudBay Minerals’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. Sell-side analysts predict that HudBay Minerals Inc will post 1.65 earnings per share for the current fiscal year.

HudBay Minerals Dividend Announcement

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

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.