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Hudbay Minerals Inc. (HBM) – key numbers that make it a Strong Buy For Now

Hudbay Minerals Inc. (NYSE: HBM) is 29.71% higher on its value in year-to-date trading and has touched a low of $3.94 and a high of $7.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HBM stock was last observed hovering at around $6.98 in the last trading session, with the day’s gains setting it 0.18%.

Currently trading at $7.16, the stock is 7.61% and 20.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 million and changing 2.58% at the moment leaves the stock 38.39% off its SMA200. HBM registered 37.16% gain for a year compared to 6-month gain of 47.02%. The firm has a 50-day simple moving average (SMA 50) of $2.16 and a 200-day simple moving average (SMA200) of $5.87.

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The stock witnessed a 17.76% loss in the last 1 month and extending the period to 3 months gives it a 29.71%, and is 5.60% up 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 3.12% over the week and 3.26% over the month.

Current P/E ratio is 38.91 and Fwd P/E is 10.20. Profit margin for the company is 3.94%. Distance from 52-week low is 81.73% and 0.21% from its 52-week high. The company has generated returns on investments over the last 12 months (1.93%).

Hudbay Minerals Inc. quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $365.45M over the same period.The EPS is expected to grow by 101.85% this year, but quarterly earnings will post 13.10% year-over-year. Quarterly sales are estimated to grow 11.40% in year-over-year returns.

Hudbay Minerals Inc. (HBM) Top Institutional Holders

271 institutions hold shares in Hudbay Minerals Inc. (HBM), with institutional investors hold 66.13% of the company’s shares. The shares outstanding are 350.73M, and float is at 349.93M with Short Float at 2.47%. Institutions hold 66.08% 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.

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