Hudbay Minerals Inc (NYSE: HBM) is -1.23% lower on its value in year-to-date trading and has touched a low of $4.94 and a high of $10.49 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 $8.23 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $8.00, the stock is -5.88% and -7.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.11 million and changing -2.79% at the moment leaves the stock -7.13% off its SMA200. HBM registered 41.84% gain for a year compared to 6-month gain of 0.00%. The firm has a 50-day simple moving average (SMA 50) of $8.6522 and a 200-day simple moving average (SMA200) of $8.6141.
The stock witnessed a -3.03% loss in the last 1 month and extending the period to 3 months gives it a -16.05%, and is -9.09% 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 4.32% over the week and 3.56% over the month.
Hudbay Minerals Inc (HBM) has around 2708 employees, a market worth around $2.81B and $1.98B in sales. Current P/E ratio is 34.35 and Fwd P/E is 9.32. Profit margin for the company is 4.35%. Distance from 52-week low is 61.94% and -23.74% from its 52-week high. The company has generated returns on investments over the last 12 months (2.34%).
with sales reaching $588.28M over the same period.The EPS is expected to grow by 113.84% this year, but quarterly earnings will post 20.29% year-over-year. Quarterly sales are estimated to shrink -2.31% in year-over-year returns.
Hudbay Minerals Inc (HBM) Top Institutional Holders
336.0 institutions hold shares in Hudbay Minerals Inc (HBM), with institutional investors hold 73.54% of the company’s shares. The shares outstanding are 393.66M, and float is at 350.46M with Short Float at 1.32%. Institutions hold 73.48% 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.
Hudbay Minerals Inc (HBM) Insider Activity
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