|Bid||3.4700 x 1000|
|Ask||3.4500 x 3200|
|Day's Range||3.4050 - 3.5400|
|52 Week Range||2.9900 - 7.8300|
|Beta (5Y Monthly)||3.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.02 (0.43%)|
|Ex-Dividend Date||Sep 03, 2019|
|1y Target Est||N/A|
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
U.S. District Judge James Soto late on Monday said there was no basis to reconsider an earlier ruling that overturned approvals for the company's contentious Rosemont project in southeastern Arizona, delivering a setback for Hudbay as it seeks to revive plans for the stalled $1.9 billion open-pit mine. Hudbay's director of investor relations, Candace Brule, said the company was disappointed with the decision and would proceed with an appeal as it studies next steps for the project. "This ruling confirms that the court continues to misinterpret decades of precedent and the federal regulations and mining laws that govern the Rosemont project," she said.
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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of HudBay Minerals, Inc. Toronto, September 25, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of HudBay Minerals, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
HudBay Minerals (HBM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hudbay Minerals shares plunged more than 20% on Thursday after a court ruling barred the company from proceeding with construction at one of its biggest copper projects in the U.S. The U.S. District Court for Arizona on Wednesday challenged the U.S. Forest Service's June 2017 decision that enabled the company to advance its plans for its Rosemont project. Following the 2017 decision, Hudbay received a water permit and approval of its mine plan for Rosemont in March, allowing it to move forward with development.
Hudbay Minerals shares plunged more than 20% on Thursday after a court ruling barred the company from proceeding with construction at its Rosemont project in Arizona. The ruling from the U.S. District Court for Arizona challenged the U.S. Forest Service's June 2017 decision that enabled the company to move forward with a mine plan, which was approved in March. Hudbay shares sank 20.4% in morning trading, after earlier falling as much as 24.8% to C$5.08 in Toronto.
As part of its proxy fight, private equity firm Waterton Global Resource Management had nominated five directors to the company's board. Three of them, including Kukielski, were elected in May following a settlement that ended the drawn-out battle. Much of Waterton's ire surrounded Hudbay's reported talks to buy Chile's Mantos Copper for about $780 million last year and what it described as an erosion of shareholder returns under its management and board.
Canada's Hudbay Minerals Inc said on Wednesday that Chief Executive Officer Alan Hair has stepped down after more than 20 years with the company and named Peter Kukielski, who was backed by its second largest investor in a proxy battle, as interim CEO. As part of its proxy fight, private equity firm Waterton Global Resource Management had nominated five directors to the company's board. Three of them, including Kukielski, were elected in May following a settlement that ended the drawn-out battle.
HudBay Minerals (HBM) delivered earnings and revenue surprises of 200.00% and -7.97%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The Toronto-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs, were 3 cents per share. The results surpassed Wall Street expectations. The average estimate ...
Hudbay Minerals Inc said on Friday it had agreed with Waterton Global Resource Management Inc, its second largest shareholder, to elect a slate of 11 board members that includes some of the nominees proposed by both parties. The agreement settles a long-drawn out proxy contest with the private equity firm, which nominated five directors to the the Canadian miner's board. Waterton, which owns a 12.1 percent stake in Hudbay Minerals, had recently filed a suit against Hudbay in a bid to stop it from soliciting proxies for its annual shareholder meeting scheduled for May 7.
Glass Lewis Highlights Disingenuous Attack on Waterton Nominee Daniel Muñiz Quintanilla By John Jannarone Leading proxy advisors Glass Lewis and ISS have issued support for multiple directors nominated by Waterton Global Resource Management in its proxy fight with mining company Hudbay Minerals, a strong sign the activist may win seats at the upcoming shareholder […]
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.