Hudbay Minerals Inc (NYSE: HBM) is -10.25% lower on its value in year-to-date trading and has touched a low of $5.95 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 $7.44 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $7.27, the stock is 3.58% and -0.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing -2.28% at the moment leaves the stock -11.47% off its SMA200. HBM registered -15.76% loss for a year compared to 6-month loss of -24.43%. The firm has a 50-day simple moving average (SMA 50) of $7.3418 and a 200-day simple moving average (SMA200) of $8.2121.
The stock witnessed a -4.22% gain in the last 1 month and extending the period to 3 months gives it a -11.99%, and is 0.28% 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 3.32% over the week and 6.25% over the month.
Current P/E ratio is 37.30 and Fwd P/E is 10.88. Profit margin for the company is 3.86%. Distance from 52-week low is 22.18% and -30.70% from its 52-week high. The company has generated returns on investments over the last 12 months (2.07%).
The EPS is expected to grow by 15.43% this year
350.0 institutions hold shares in Hudbay Minerals Inc (HBM), with institutional investors hold 74.80% of the company’s shares. The shares outstanding are 394.93M, and float is at 350.35M with Short Float at 2.50%. Institutions hold 74.74% 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 4.0138 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
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).
