|Bid||6.25 x 0|
|Ask||6.27 x 0|
|Day's Range||6.02 - 6.34|
|52 Week Range||4.51 - 12.65|
|Beta (3Y Monthly)||3.48|
|PE Ratio (TTM)||7.88|
|Earnings Date||Feb 19, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.02 (0.31%)|
|1y Target Est||7.37|
An activist investor in Hudbay Minerals Inc. says it will push for a new slate of directors at the company's next annual meeting after accusing the board of mismanagement. The investment fund, holding about 10 per cent of Hudbay shares, said it pushed for dialogue with the company in October on potential changes to the board but was disappointed with the response. Waterton has also pushed to halt Hudbay's plans, announced at the end of October, to acquire Mason Resources Corp. in a deal that valued Mason at $31 million.
Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced that Waterton Global Resource Management, Inc., on behalf of certain funds managed by it (collectively, “Waterton”) has withdrawn its special meeting requisition for the purpose of considering an advisory resolution. Accordingly, the company will cancel the shareholder meeting it had previously set for February 28, 2019. Following this meeting, Waterton provided a list of demands to the Board that were entirely disproportionate to its ownership interest and would give Waterton unique rights and powers held by no other shareholder.
Waterton, which raised its stake in the company to nearly 10 percent from 7 percent, also said it had withdrawn its request for a special shareholders' meeting. The private equity company also reiterated that the Canadian miner avoid any near-term acquisition or joint venture. Waterton said it expected Hudbay to schedule its 2019 annual meeting with the early-to-mid May timeframe.
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 10% of the issued and outstanding shares (the “Shares”) of Hudbay Minerals Inc. ("Hudbay" or the "Company") (HBM.TO) (HBM), today announced that, upon finalizing its slate, it will be nominating a majority slate of independent director candidates for election to the Company's Board of Directors (the "Board") at Hudbay’s 2019 Annual Meeting of Shareholders (the “Annual Meeting”). Waterton also announced that it has withdrawn its requisition of a special meeting of the Company’s shareholders (the “Special Meeting”) in connection with an advisory resolution urging the Board not to approve certain potential material transactions prior to the Annual Meeting.
Discussion of 3 very interesting mining options for long-term investors: Hudbay Minerals Inc. (TSX:HBM)(NYSE:HBM), Barrick Gold Corporation (TSX:ABX)(NYSE:ABX), and Goldcorp Inc. (TSX:G)(NYSE:GG).
Late Friday, the Peruvian government blocked all mining exploration licenses on Rainbow Mountain, a rising South American tourist destination. Located in southeastern Peru near Cuzco, once the capital of the Incan empire, and the Machu Picchu ruins, the area’s colorful slopes attract about a thousand tourists a day to Winikunka, which means the Mountain of Seven Colors in the local Quechua language. The colors also caught the attention of mining companies.
Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today announced that it has set February 28, 2019 for a Special Meeting of the company’s shareholders (the “Meeting”) for the purpose of considering an advisory resolution with respect to certain potential transactions. The vote on the advisory resolution was requisitioned by Waterton Global Resource Management, Inc., on behalf of certain funds managed by it. Shareholders will receive information about the Meeting and how to vote in a management information circular to be mailed in advance of the Meeting.
HudBay Minerals (HBM) delivered earnings and revenue surprises of 350.00% and 12.98%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today released its third quarter 2018 financial results. Potential opportunities should involve a meaningful operating role for Hudbay and be accretive to NAV/share and/or reserves/resources per share.
OTCQB: MSSNF – “Mason”) and Hudbay Minerals Inc. (TSX & NYSE: HBM – “Hudbay”) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”) pursuant to which Hudbay will acquire the remaining 86% of the issued and outstanding common shares of Mason that it does not already own (the “Arrangement”). Under the Arrangement, Mason shareholders will receive $0.40 in cash for each Mason common share they own.
Hudbay Minerals Inc (TSE:HBM) is a small-cap stock with a market capitalization of CA$1.3b. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they Read More...
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 Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that Waterton Global Resource Management, Inc., on behalf of certain funds managed by it (collectively, “Waterton”), has requisitioned a special meeting of the company’s shareholders for the purposes of considering an advisory resolution with respect to certain potential transactions. The company’s board of directors (the “Board”) will review the requisition and respond in due course. Hudbay management had an initial meeting with Waterton, a relatively recent shareholder, on August 31, 2018.
Waterton to propose resolution of shareholders urging the Hudbay Board to refrain, until Hudbay's 2019 annual meeting, from approving new material transactions, transactions that are dilutive on a cash flow per share basis or that involve issuing 5% or more of the company's common shares, in each case unless approved by shareholders. Special Meeting will give shareholders a democratic forum for expressing their views and concerns regarding any value-destructive transaction the Board may be planning to consummate without their approval. Hudbay Board has left Waterton no choice but to take action to prevent further value destructive behaviours.
Waterton calls on Hudbay Board to immediately terminate any discussions or plans to execute the Mantos Transaction and any other material acquisitions in the near future. TORONTO, Oct. 5, 2018 /CNW/ - 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 12,514,886 or approximately 4.8% of the issued and outstanding shares of Hudbay Minerals Inc. ("Hudbay" or the "Company") (TSX:HBM.TO - News) (NYSE:HBM - News), sent the following letter to the Company's Board of Directors (the "Board").
Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) Hudbay today commented on a media report speculating on a potential business acquisition by the company. While the company’s policy is to avoid comment on speculation and rumours, Hudbay emphasizes that it has had a consistent strategy of optimizing the value of its current operations and evaluating growth opportunities that are complementary to its current business and that it continues to adhere to this strategy. As described in Hudbay’s public disclosure, this may include acquisitions that fit Hudbay’s stringent criteria, ranging from early stage exploration to producing mines, provided they are accretive to shareholder value on a per share basis.
TORONTO, Sept. 28, 2018 -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) senior management will host a conference call on Thursday, November 1, 2018 at 10.
If you like diversified miners, but also great value, Arizona Mining Inc. (TSX:AZ) and two other stocks are strong buys today.
VANCOUVER, British Columbia, based District Copper Corp. (TSX-Venture: DCOP) announced that it has signed ...