In the latest trading session, 0.94 million Hudbay Minerals Inc (NYSE:HBM) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $8.12 changing hands around $0.07 or 0.87% at last look, the market valuation stands at $2.85B. HBM’s current price is a discount, trading about -29.19% off its 52-week high of $10.49. The share price had its 52-week low at $6.41, which suggests the last value was 21.06% up since then. When we look at Hudbay Minerals Inc’s average trading volume, we note the 10-day average is 8.26 million shares, with the 3-month average coming to 6.57 million.
Analysts gave the Hudbay Minerals Inc (HBM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.07. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended HBM as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Hudbay Minerals Inc’s EPS for the current quarter is expected to be 0.16.
Hudbay Minerals Inc (NYSE:HBM) trade information
Instantly HBM is in green as seen in intraday trades today. With action 15.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.25%, with the 5-day performance at 15.18% in the green. However, in the 30-day time frame, Hudbay Minerals Inc (NYSE:HBM) is -11.26% down. Looking at the short shares, we see there were 9.1 million shares sold at short interest cover period of 0.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10.34, meaning bulls need an upside of 21.47% from its recent market value. According to analyst projections, HBM’s forecast low is 10.34471789 with 10.34471789 as the target high. To hit the forecast high, the stock’s price needs a -27.4% plunge from its current level, while the stock would need to soar -27.4% for it to hit the projected low.
Hudbay Minerals Inc (HBM) estimates and forecasts
Year-over-year growth is forecast to reach 3.10% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 534.22M. 3 analysts are of the opinion that Hudbay Minerals Inc’s revenue for the current quarter will be 519.49M. The company’s revenue for the corresponding quarters a year ago was 524.99M and 425.52M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.76%. The estimates for the next quarter sales put growth at 22.08%.
HBM Dividends
Hudbay Minerals Inc is expected to release its next quarterly earnings report on 2025-Feb-18. The 0.18% annual yield figure for the share gives it an annual dividend of 0.01. It is important to note, however, that the 0.18% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 0.28 per year.
Hudbay Minerals Inc (NYSE:HBM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.08% of Hudbay Minerals Inc shares while 74.73% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 74.79%. There are 74.73% institutions holding the Hudbay Minerals Inc stock share, with GMT CAPITAL CORP the top institutional holder. As of 2024-06-30, the company held 10.5211% of the shares, roughly 38.75 million HBM shares worth $479.77 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.2148% or 14.78 million shares worth $133.8 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Global X Fds-Global X Copper Miners ETF and Invesco Small Cap Value Fd. With 14.07 shares estimated at $114.59 million under it, the former controlled 3.56% of total outstanding shares. On the other hand, Invesco Small Cap Value Fd held about 2.21% of the shares, roughly 8.73 shares worth around $71.12 million.
