Hudbay Minerals Inc (NYSE: HBM) is -5.19% 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 $7.41 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $7.68, the stock is 7.56% and 4.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.94 million and changing 3.64% at the moment leaves the stock -6.19% off its SMA200. HBM registered -7.69% loss for a year compared to 6-month loss of -14.19%.
The stock witnessed a 22.49% gain in the last 1 month and extending the period to 3 months gives it a -11.21%, and is 3.23% 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 2.94% over the week and 5.60% over the month.
Current P/E ratio is 39.40 and Fwd P/E is 11.50. Profit margin for the company is 3.86%. Distance from 52-week low is 29.08% and -26.79% 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.
Hudbay Minerals Inc (HBM) Top Institutional Holders
The shares outstanding are 394.93M, and float is at 350.34M with Short Float at 2.50%.
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
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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).
