|Bid||6.36 x 0|
|Ask||6.40 x 0|
|Day's Range||6.24 - 6.40|
|52 Week Range||4.51 - 10.42|
|Beta (3Y Monthly)||1.97|
|PE Ratio (TTM)||54.53|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||0.02 (0.22%)|
|1y Target Est||8.54|
The Toronto-based base metals miner has interviewed potential advisers about selling a 30% stake in the Arizona Rosemont project and is planning to kick off a process in the coming months, the people said, asking not to be identified as the matter is private. The stake is likely to draw interest from financial bidders, such as private equity firms, the people said. A representative for Hudbay said the company intends to evaluate a variety of options, including the addition of a committed joint venture partner for the Rosemont project, and will carry out the process in parallel with its development this year.
Scenic State Highway 83 gently curves through southeastern Arizona's wine country, past waves of blond grass dotted with orange-tipped ocotillo plants before the dark Santa Rita Mountains loom into view. The Milepost 44 pullout offers a panorama of the range in the Coronado National Forest where a Canadian firm wants to carve out a massive copper mine near Tucson. The $1.9 billion Rosemont Mine, at a half-mile deep and a mile wide, would sprawl across federal, state and private land, leaving a waste pile the height of skyscraper.
TORONTO, May 07, 2019 -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that each of the eleven individuals nominated for election as a.
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 ...
Completed the Rosemont permitting process, acquired the minority joint venture interest and initiated an early works program for RosemontExtended the 777 mine’s reserve life to.
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.
Under the terms of the agreement with Waterton Global Resource Management, Peter Kukielski, David Smith and Daniel Muñiz Quintanilla will join the 11-member board, the Canadian miner said in a statement Friday. “Hudbay is pleased to have reached an agreement with Waterton that is in the best interests of shareholders,” Hibben said in the statement. Waterton, which owns a 12.5 percent stake in Toronto-based Hudbay, had been pushing for changes since October.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Hudbay Minerals Inc.'s (TSE:HBM) latest earnings update in December 2018 suggested...
Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that it has mailed a letter to shareholders regarding Hudbay and the proxy contest being waged against the company by Waterton Global Resource Management, Inc. (“Waterton”).
Waterton Precious Metals Fund II Cayman, LP ("Waterton Mining LP") and Waterton Mining Parallel Fund Offshore Master, LP ("Waterton Fund II"), each of which are managed by Waterton Global Resource Management, Inc. ("WGRM," and collectively with Waterton Mining LP and Waterton Fund II, "Waterton"), owning in the aggregate 12.09% of the issued and outstanding common shares (the "Shares") of Hudbay Minerals Inc. ("Hudbay" or the "Company") (HBM.TO) (HBM) today announced that leading proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has joined Glass, Lewis & Co. (“Glass Lewis”) in recommending that shareholders vote FOR change at Hudbay on Waterton’s Blue proxy card. ISS recommended the election of Waterton’s independent, highly-qualified director nominees – David Smith and Daniel Muniz Quintanilla – to the Hudbay Board of Directors (the "Board") at the Annual and Special Meeting of Shareholders (the “Meeting”).
Leading Proxy Advisory Firm Supports Waterton’s Case for Board Refreshment and Recommends Shareholders Vote FOR Election of Richard Nesbitt, Daniel Muniz Quintanilla and David Smit
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.
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.
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.
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.
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.
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.
Hudbay's Recent Disappointing Actions and Desperate Unprofessional Tactics Show that Adult Supervision is Urgently Needed
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 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...
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.