Hudbay Minerals Inc. (HBM): These Numbers Show Where NYSE:HBM Stock Is Going Next

Hudbay Minerals Inc. (NYSE: HBM) is -5.43% lower on its value in year-to-date trading and has touched a low of $3.94 and a high of $6.01 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 $5.14 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $5.22, the stock is -3.86% and -1.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 1.56% at the moment leaves the stock 5.85% off its SMA200. HBM registered -1.51% loss for a year compared to 6-month gain of -3.15%. The firm has a 50-day simple moving average (SMA 50) of $2.17 and a 200-day simple moving average (SMA200) of $6.36.

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The stock witnessed a -3.51% loss in the last 1 month and extending the period to 3 months gives it a 28.26%, and is -2.06% 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 2.22% over the week and 2.86% over the month.

Hudbay Minerals Inc. (HBM) has around Aug 31 2023 employees, a market worth around $1.82B and $1.40B in sales. Current P/E ratio is 177.55 and Fwd P/E is 7.90. Profit margin for the company is 1.30%. Distance from 52-week low is 32.49% and -13.07% from its 52-week high. The company has generated returns on investments over the last 12 months (0.52%).

Hudbay Minerals Inc. quarterly earnings per share for the current quarter are estimated at $0.13 with sales reaching $542.12M over the same period.The EPS is expected to grow by 70.00% this year, but quarterly earnings will post 11.00% year-over-year. Quarterly sales are estimated to grow 68.80% in year-over-year returns.

Hudbay Minerals Inc. (HBM) Top Institutional Holders

269 institutions hold shares in Hudbay Minerals Inc. (HBM), with institutional investors hold 67.72% of the company’s shares. The shares outstanding are 348.91M, and float is at 348.25M with Short Float at 2.65%. Institutions hold 67.67% of the Float.

The top institutional shareholder in the company is GMT Capital Corp with over 34.37 million shares valued at $164.97 million. The investor’s holdings represent 9.85% of the HBM Shares outstanding. As of Jun 29, 2023, the second largest holder is Letko, Brosseau & Associates Inc. with 16.46 million shares valued at $78.98 million to account for 4.72% of the shares outstanding. The other top investors are L1 Capital Pty Ltd which holds 14.16 million shares representing 4.06% and valued at over $67.96 million, while Edgepoint Investment Group Inc. holds 3.04% of the shares totaling 10.62 million with a market value of $50.98 million.

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

The company’s main competitors (and peers) include Western Copper & Gold Corp. (WRN) that is trading -34.59% down over the past 12 months. Southern Copper Corp. (SCCO) that is 8.90% higher over the same period.