Hudbay Minerals Inc (HBM) Analysis & Forecast for 2024

Hudbay Minerals Inc (NYSE: HBM) is 64.13% higher on its value in year-to-date trading and has touched a low of $3.94 and a high of $10.49 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 $8.95 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $9.06, the stock is -2.51% and 5.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.91 million and changing 1.23% at the moment leaves the stock 14.93% off its SMA200. HBM registered 107.32% gain for a year compared to 6-month gain of 8.24%. The firm has a 50-day simple moving average (SMA 50) of $8.5496 and a 200-day simple moving average (SMA200) of $7.8828.

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The stock witnessed a -1.63% loss in the last 1 month and extending the period to 3 months gives it a 28.69%, and is -5.82% 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 2.34% over the week and 2.61% over the month.

Hudbay Minerals Inc (HBM) has around 2708 employees, a market worth around $5.04B and $2.00B in sales. Current P/E ratio is 38.28 and Fwd P/E is 9.17. Profit margin for the company is 4.08%. Distance from 52-week low is 129.95% and -13.63% from its 52-week high. The company has generated returns on investments over the last 12 months (2.21%).

The EPS is expected to grow by 92.62% this year.

Hudbay Minerals Inc (HBM) Top Institutional Holders

337.0 institutions hold shares in Hudbay Minerals Inc (HBM), with institutional investors hold 74.92% of the company’s shares. The shares outstanding are 350.73M, and float is at 350.14M with Short Float at 1.57%. Institutions hold 74.87% of the Float.

The top institutional shareholder in the company is GMT CAPITAL CORP with over 38.75 million shares valued at $479.77 million. The investor’s holdings represent 11.0479% of the HBM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.78 million shares valued at $133.8 million to account for 4.2148 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 12.34 million shares representing 3.5191% and valued at over $111.69 million, while INVESCO LTD. holds 3.3308 of the shares totaling 11.68 million with a market value of $105.74 million.