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Hudbay Minerals Inc. (HBM) down -10.45% since start of the year

Hudbay Minerals Inc. (NYSE: HBM) is -10.45% lower on its value in year-to-date trading and has touched a low of $3.08 and a high of $6.34 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HBM stock was last observed hovering at around $4.74 in the last trading session, with the day’s loss setting it -0.2% off its average median price target of $7.84 for the next 12 months. It is also 47.09% off the consensus price target high of $8.58 offered by 15 analysts, but current levels are 23.44% higher than the price target low of $5.93 for the same period.

Currently trading at $4.54, the stock is -7.60% and -8.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing -4.22% at the moment leaves the stock -7.07% off its SMA200. HBM registered -19.22% loss for a year compared to 6-month gain of -13.36%. The firm has a 50-day simple moving average (SMA 50) of $1.63 and a 200-day simple moving average (SMA200) of $5.39.

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The stock witnessed a -13.85% loss in the last 1 month and extending the period to 3 months gives it a -7.54%, and is -4.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.03% over the week and 4.00% over the month.

Hudbay Minerals Inc. (HBM) has around 2505 employees, a market worth around $1.61B and $1.86B in sales. Current P/E ratio is 73.23 and Fwd P/E is 5.32. Profit margin for the company is 0.90%. Distance from 52-week low is 47.40% and -28.39% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).

Hudbay Minerals Inc. (HBM) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Hudbay Minerals Inc. (HBM) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 1.80, where 3 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Hudbay Minerals Inc. is expected to release its quarterly report on 08/07/2023.The EPS is expected to grow by 128.70% this year.

Hudbay Minerals Inc. (HBM) Top Institutional Holders

The shares outstanding are 262.03M, and float is at 261.63M with Short Float at 3.76%.

Hudbay Minerals Inc. (HBM): Who are the competitors?

The company’s main competitors (and peers) include Western Copper and Gold Corporation (WRN) that is trading -5.88% down over the past 12 months and PolyMet Mining Corp. (PLM) that is -44.09% lower over the same period. Southern Copper Corporation (SCCO) is 12.87% up on the 1-year trading charts.

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