Hudbay Minerals Inc (NYSE:HBM) has a beta value of 1.65 and has seen 0.73 million shares traded in the recent trading session. The company, currently valued at $2.52B, closed the recent trade at $7.18 per share which meant it gained $0.13 on the day or 1.84% during that session. The HBM stock price is -46.1% off its 52-week high price of $10.49 and 13.23% above the 52-week low of $6.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.25 million shares traded. The 3-month trading volume is 6.38 million shares.
The consensus among analysts is that Hudbay Minerals Inc (HBM) is Buy stock at the moment, with a recommendation rating of 1.07. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 10 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.16.
Hudbay Minerals Inc (NYSE:HBM) trade information
Sporting 1.84% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HBM stock price touched $7.18 or saw a rise of 3.75%. Year-to-date, Hudbay Minerals Inc shares have moved -11.36%, while the 5-day performance has seen it change -3.62%. Over the past 30 days, the shares of Hudbay Minerals Inc (NYSE:HBM) have changed -25.05%. Short interest in the company has seen 9.1 million shares shorted with days to cover at 0.96.
Wall Street analysts have a consensus price target for the stock at $10.34, which means that the shares’ value could jump 30.56% from the levels at last check today. The projected low price target is $10.34471789 while the price target rests at a high of $10.34471789. In that case, then, we find that the latest price level in today’s session is -44.08% off the targeted high while a plunge would see the stock gain -44.08% from the levels at last check today.
Hudbay Minerals Inc (HBM) estimates and forecasts
The company’s shares have gained 5.74% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 2.91%.
3 analysts offering their estimates for the company have set an average revenue estimate of 534.22M for the current quarter. 3 have an estimated revenue figure of 519.49M for the next ending quarter. Year-ago sales stood 524.99M and 425.52M respectively for this quarter and the next, and analysts expect sales will grow by 1.76% for the current quarter and 2.91% for the next.
Earnings growth for 2025 is a modest 38.03% while over the next 5 years, the company’s earnings are expected to increase by 16.07%.
HBM Dividends
Hudbay Minerals Inc is expected to release its next earnings report on 2025-Feb-18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.01 at a share yield of 0.20%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.28%.
Hudbay Minerals Inc (NYSE:HBM)’s Major holders
Insiders own 0.08% of the company shares, while shares held by institutions stand at 74.71% with a share float percentage of 74.77%. Investors are also buoyed by the number of investors in a company, with Hudbay Minerals Inc having a total of 355.0 institutions that hold shares in the company. The top two institutional holders are GMT CAPITAL CORP with over 38.75 million shares worth more than $479.77 million. As of 2024-06-30, GMT CAPITAL CORP held 10.5211% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 14.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $133.8 million and represent 4.2148% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Copper Miners ETF and Invesco Small Cap Value Fd. As of Dec 31, 2024, the former fund manager holds about 3.52% shares in the company for having 13.91 shares of worth $99.76 million while later fund manager owns 8.73 shares of worth $62.61 million as of Oct 31, 2024, which makes it owner of about 2.21% of company’s outstanding stock.
