HBM.TO - Hudbay Minerals Inc.

Toronto - Toronto Delayed Price. Currency in CAD
-0.35 (-3.79%)
At close: 3:59PM EDT
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Previous Close9.24
Bid8.89 x 0
Ask8.90 x 0
Day's Range8.85 - 9.19
52 Week Range4.51 - 10.42
Avg. Volume1,373,035
Market Cap2.323B
Beta (3Y Monthly)2.43
PE Ratio (TTM)27.19
EPS (TTM)0.33
Earnings DateMay 6, 2019
Forward Dividend & Yield0.02 (0.21%)
Ex-Dividend Date2019-03-07
1y Target Est8.65
  • GlobeNewswireyesterday

    Hudbay Responds to Withdrawal of Waterton Director Nominee

    Hudbay had previously planned to increase the size of its board of directors to eleven to accommodate the election of Richard Howes, David Smith and Michael Anglin as new.

  • Business Wireyesterday

    Waterton Announces Update to Slate of Director Nominees

    Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Offshore Master, LP (the "Funds"), each of which are managed by Waterton Global Resource Management, Inc. (the "Investment Adviser", the Investment Adviser together with the Funds ("Waterton" or "We")), owning approximately 12.1% of the issued and outstanding shares (the “Shares”) of Hudbay Minerals Inc. ("Hudbay" or the "Company") (HBM.TO) (HBM), today announced an update to its slate of director candidates nominated to serve on the Board of Directors (the “Board”) of Hudbay. Waterton has given permission to A.E. Michael Anglin to withdraw from its slate of nominees in order to allow him to join the board of Hudbay competitor Antofagasta plc. While Waterton continues to think that Mr. Anglin would have been a stellar addition to the Hudbay Board, Mr. Anglin has expressed to Waterton that as a result of the questionable tactics employed by Hudbay during the proxy contest, he would prefer to take advantage of the Antofagasta position, which would be a conflict of interest if he were seated on the Hudbay Board.

  • Reuters8 days ago

    Hudbay says top shareholder to vote for its slate of directors

    Hudbay Minerals said on Wednesday its largest shareholder would back the company's board nominees in an upcoming election, bolstering the Canadian miner's position in its proxy battle with activist investor Waterton Global Resource Management Inc. Shareholder Letko, Brosseau & Associates Inc's support comes as Waterton, with a roughly 12 percent stake in the miner, pushes for major changes to Hudbay's board. Letko, Brosseau & Associates owns 13.4 percent of the company.

  • GlobeNewswire8 days ago

    Hudbay Welcomes Support of Company’s Largest Shareholder in Proxy Contest

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that the company’s largest shareholder, Letko, Brosseau & Associates Inc., an independent investment manager that exercises investment control or direction over approximately 35,112,398 shares or 13.4% of Hudbay’s issued and outstanding shares, has confirmed that it intends to vote FOR Hudbay’s eleven director nominees on the GREEN form of proxy. Dissident shareholder Waterton Global Resource Management, Inc. is currently waging a proxy contest against the company. In order to ensure that your vote is counted at the Annual and Special Meeting of Shareholders, shareholders are urged to vote only the GREEN proxy FOR the nominees recommended by Hudbay, and ensure that your proxy is received prior to the proxy voting deadline of 10:00 a.m. (Toronto time) on Friday, May 3, 2019.

  • Reuters9 days ago

    Investor Waterton files suit against Canadian miner Hudbay to stop it soliciting proxies

    Private equity firm Waterton Global Resource Management has filed a lawsuit against Canadian miner Hudbay Minerals Inc in a bid to stop it from soliciting proxies for its annual shareholder meeting in May. The lawsuit, filed at the Ontario Superior Court on Monday, escalates tensions between Toronto-based Hudbay and Waterton, which has blamed Hudbay's management for "abysmal" shareholder returns and "chronic underperformance," and has proposed five new independent board members, two of whom Hudbay has accepted. Hudbay disclosed Waterton's legal action in a regulatory filing on Tuesday.

  • GlobeNewswire9 days ago

    Hudbay Announces Commencement of Legal Proceedings by Waterton

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that Waterton Global Resource Management, Inc. (“Waterton”), which is currently waging a proxy contest against the company, has commenced a legal proceeding in the Ontario Superior Court against Hudbay. Waterton alleges that the company’s management information circular in respect of its annual and special meeting of shareholders to be held on May 7, 2019 contains misrepresentations and seeks to constrain the company’s ability to solicit proxies. The company will seek to recover its legal costs from Waterton and will provide further updates on this matter as developments warrant.

  • Business Wire10 days ago

    CORRECTING and REPLACING Waterton Sends Letter to Hudbay Shareholders Highlighting Entrenchment and Track Record of Poor Strategic Decision-Making of Hudbay's Board

    Hudbay's Recent Disappointing Actions and Desperate Unprofessional Tactics Show that Adult Supervision is Urgently Needed

  • GlobeNewswire10 days ago

    Hudbay Hosts Analyst Site Visit to Lalor Mine in Manitoba, Announces First Quarter 2019 Manitoba Production Results and Provides Exploration Update

    TORONTO, April 15, 2019 -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced today that it is hosting a site visit by analysts and investors to its.

  • The Hudbay Minerals (TSE:HBM) Share Price Is Up 127% And Shareholders Are Boasting About It
    Simply Wall St.15 days ago

    The Hudbay Minerals (TSE:HBM) Share Price Is Up 127% And Shareholders Are Boasting About It

    The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But in contrast you can make much more than 100% if the company does well. For example, the Hudbay Mine...

  • GlobeNewswire20 days ago

    Hudbay Issues Management Information Circular, Continues with Board Renewal and Warns Shareholders that Waterton Threatens Hudbay’s Positive Momentum

    Hudbay’s Board and management team are executing on the company’s strategic plan and have delivered one-, three- and five-year total shareholder returns that significantly.

  • GlobeNewswire28 days ago

    Hudbay Announces Plans for Early Works Program at Rosemont and Provides Annual Reserve and Resource Update

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that its Board of Directors (“Board”) has approved an early works program at its Rosemont project, and provided its annual mineral reserve and resource update. Rosemont minority joint venture process to commence shortly. Lalor mine achieved production of 4,500 tonnes per day in the first quarter of 2019.

  • Markitlast month

    See what the IHS Markit Score report has to say about Hudbay Minerals Inc.

    Hudbay Minerals Inc NYSE:HBMView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for HBM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HBM. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold HBM had net inflows of $426 million over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Basic Materialsis falling. The rate of decline is significant relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • GlobeNewswirelast month

    Hudbay Receives the Mine Plan of Operations for Rosemont

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced today that it has received the approved Mine Plan of Operations (“MPO”) for the Rosemont project from the U.S. Forest Service. The issuance of the MPO is the final administrative step in the permitting process. “Receiving the MPO is an important milestone that completes the permitting process at Rosemont,” said Alan Hair, Hudbay’s president and chief executive officer.

  • GlobeNewswirelast month

    Hudbay Reaches Agreement To Purchase Rosemont's Minority Joint Venture Interest

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced today that it has reached an agreement with United Copper & Moly LLC (“UCM”) to purchase UCM’s 7.95% interest in the Rosemont project, and to terminate all of UCM’s remaining earn-in and off-take rights, for upfront cash consideration of US$45 million, plus three annual installments of US$10 million per year, commencing July 1, 2022. In connection with the transaction, Hudbay has agreed to release UCM from any and all obligations in relation to the Rosemont project, including project loans representing its proportionate share of joint venture expenditures incurred beyond its initial earn-in investment. UCM is jointly owned by Korea Resources Corporation and LG International Corp.

  • GlobeNewswirelast month

    Hudbay Announces Date of Annual and Special Meeting and Adoption of Shareholder Rights Plan

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced today that it will hold its annual and special meeting of shareholders (the “Meeting”) on May 7, 2019. The record date for determining the holders of the company’s common shares (each, a “Common Share”) entitled to receive notice of and vote at the Meeting is March 29, 2019. The company also announced that its board of directors (the “Board”) has approved the adoption of a shareholder rights plan (the “Rights Plan”) pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as Rights Agent, dated March 12, 2019 (the “Effective Date”).

  • GlobeNewswire2 months ago

    Hudbay Announces Receipt of Section 404 Water Permit for Rosemont

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced today that the U.S. Army Corps of Engineers ("Army Corps") has issued a Section 404 Water Permit (the “404 Permit”) for Hudbay’s Rosemont Project. Rosemont has already received the Final Record of Decision from the U.S. Forest Service (“USFS”), a process that involved 17 co-operating agencies at various levels of government, 16 hearings, over 1,000 studies, and 245 days of public comment resulting in more than 43,000 comments. Now that the 404 Permit has been issued, Hudbay expects to receive Rosemont’s Mine Plan of Operations from the USFS shortly and looks forward to moving the project into development.

  • GlobeNewswire2 months ago

    Hudbay Announces Discovery of a New Deposit with High-Grade Zinc and High-Grade Gold Intersections Between the Chisel North and Lalor Mines

    Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced the discovery of 35.6 metres of high-grade mineralization including both zinc-rich massive sulfides and gold. This deposit is located between the old Chisel North mine and the producing Lalor mine at a down hole depth between 540.7 and 576.3 metres. “These zinc-rich and gold-rich intersections highlight the ever prospective nature of the Flin Flon greenstone belt and demonstrate the value of our Manitoba assets,” said Alan Hair, Hudbay’s president and chief executive officer.

  • Why We Like Hudbay Minerals Inc.’s (TSE:HBM) 7.5% Return On Capital Employed
    Simply Wall St.2 months ago

    Why We Like Hudbay Minerals Inc.’s (TSE:HBM) 7.5% Return On Capital Employed

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Today we'll evaluate Hudbay Minerals Inc. (TSE:HBM) to determine whetherRead More...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of HBM.TO earnings conference call or presentation 20-Feb-19 3:00pm GMT

    Q4 2018 Hudbay Minerals Inc Earnings Call

  • Reuters2 months ago

    CANADA STOCKS-Material, energy shares pull down TSX

    Canada's main stock index fell on Thursday in broad-based declines, as material shares were down on the back of a fall in gold prices and lower oil prices weighed on energy stocks. * In key focus was developments ...

  • Reuters2 months ago

    CANADA STOCKS-TSX moves higher as gold powers gains in material stocks

    Gains in material companies pulled higher Canada's main stock index on Wednesday, as gold prices rose on hopes of a trade deal between the United States and China. * Investors are focused on the latest developments in the talks in Washington, and President Donald Trump on Tuesday suggested he was open to extending the deadline to complete negotiations. * The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2 percent as gold futures rose 0.1 percent to $1,341.9 an ounce.

  • Associated Press2 months ago

    HudBay Minerals: 4Q Earnings Snapshot

    The Toronto-based company said it had a loss of 1 cent per share. Earnings, adjusted for pretax expenses and non-recurring costs, came to 5 cents per share. The results beat Wall Street expectations. The ...

  • GlobeNewswire2 months ago

    Hudbay Announces Increased Lalor Mineral Reserves and Resources and Updated Mine Plan that Confirms Substantial Increase in Gold Production

    TORONTO, Feb. 19, 2019 -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) is pleased to announce increased mineral reserves and resources for its Lalor mine.

  • GlobeNewswire2 months ago

    Hudbay Announces Fourth Quarter and Full Year 2018 Results and Provides 2019 Guidance

    TORONTO, Feb. 19, 2019 -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today released its fourth quarter and full year 2018 financial results and production.