Hudbay Minerals Inc (NYSE: HBM) is -21.85% lower on its value in year-to-date trading and has touched a low of $6.04 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 $6.27 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $6.33, the stock is -17.64% and -19.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.44 million and changing 0.96% at the moment leaves the stock -24.48% off its SMA200. HBM registered -13.41% loss for a year compared to 6-month loss of -31.27%. The firm has a 50-day simple moving average (SMA 50) of $7.8854 and a 200-day simple moving average (SMA200) of $8.38215.
The stock witnessed a -9.18% gain in the last 1 month and extending the period to 3 months gives it a -25.18%, and is -16.60% 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 7.60% over the week and 5.22% over the month.
Current P/E ratio is 32.48 and Fwd P/E is 10.17. Profit margin for the company is 3.86%. Distance from 52-week low is 4.80% and -39.66% from its 52-week high. The company has generated returns on investments over the last 12 months (2.07%).
with sales reaching $534.22M over the same period.The EPS is expected to grow by 28.62% this year, but quarterly earnings will post 3.12% year-over-year. Quarterly sales are estimated to grow 1.76% in year-over-year returns.
Hudbay Minerals Inc (HBM) Top Institutional Holders
347.0 institutions hold shares in Hudbay Minerals Inc (HBM), with institutional investors hold 74.84% of the company’s shares. The shares outstanding are 394.93M, and float is at 350.35M with Short Float at 2.60%. Institutions hold 74.79% 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 10.5211% 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 3.3513% 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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Still, SEC filings show that on Sep 27 ’24, Del Rio Francisco Javier (Officer) Proposed Sale 47,568 shares at an average price of $9.06 for $0.43 million. The insider now directly holds shares of Hudbay Minerals Inc (HBM).
