Hudbay Minerals Inc (NYSE:HBM)’s traded shares stood at 1.09 million during the latest session, with the company’s beta value hitting 1.59. At the last check today, the stock’s price was $7.87, to imply a decrease of -5.41% or -$0.45 in intraday trading. The HBM share’s 52-week high remains $10.49, putting it -33.29% down since that peak but still an impressive 18.55% since price per share fell to its 52-week low of $6.41. The company has a valuation of $2.76B, with an average of 8.11 million shares in intraday trading volume over the past 10 days and average of 6.68 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Hudbay Minerals Inc (HBM), translating to a mean rating of 1.07. Of 10 analyst(s) looking at the stock, 0 analyst(s) give HBM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.16.
Hudbay Minerals Inc (NYSE:HBM) trade information
After registering a -5.41% downside in the latest session, Hudbay Minerals Inc (HBM) has traded red over the past five days. The 5-day price performance for the stock is 1.81%, and 3.42% over 30 days. With these gigs, the year-to-date price performance is -2.84%. Short interest in Hudbay Minerals Inc (NYSE:HBM) saw shorts transact 9.1 million shares and set a 0.96 days time to cover.
The extremes give us $10.34471789 and $10.34471789 for target low and target high price respectively. As such, HBM has been trading -31.44% off suggested target high and -31.44% from its likely low.
Hudbay Minerals Inc (HBM) estimates and forecasts
The rating firms project that company’s revenue will grow 2.92% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 534.22M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 519.49M.Earnings reports from the last fiscal year show that sales brought in 524.99M and 425.52M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.76% before jumping 22.08% in the following quarter.
HBM Dividends
Hudbay Minerals Inc has its next earnings report out on 2025-Feb-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hudbay Minerals Inc has a forward dividend ratio of 0.01, with the share yield ticking at 0.18% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.28%.
Hudbay Minerals Inc (NYSE:HBM)’s Major holders
Hudbay Minerals Inc insiders hold 0.08% of total outstanding shares, with institutional holders owning 74.73% of the shares at 74.78% float percentage. In total, 74.73% institutions holds shares in the company, led by GMT CAPITAL CORP. As of 2024-06-30, the company held over 38.75 million shares (or 10.5211% of shares), all amounting to roughly $479.77 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 14.78 million shares, or about 4.2148% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $133.8 million.
We also have Global X Copper Miners ETF and INVESCO SMALL CAP VALUE FUND as the top two Mutual Funds with the largest holdings of the Hudbay Minerals Inc (HBM) shares. Going by data provided on Jan 31, 2025, Global X Copper Miners ETF holds roughly 14.07 shares. This is just over 3.56% of the total shares, with a market valuation of $111.64 million. Data from the same date shows that the other fund manager holds a little less at 8.73, or 2.21% of the shares, all valued at about 69.29 million.
