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Hudbay Minerals Inc. (NYSE: HBM): Performance Review And Forecast

In the last trading session, 2.34 million shares of the Hudbay Minerals Inc. (NYSE:HBM) were traded, and its beta was 1.98. Most recently the company’s…

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This article was originally published by The Marketing Sentinal

In the last trading session, 2.34 million shares of the Hudbay Minerals Inc. (NYSE:HBM) were traded, and its beta was 1.98. Most recently the company’s share price was $3.44, and it changed around -$0.29 or -7.77% from the last close, which brings the market valuation of the company to $1.26B. HBM currently trades at a discount to its 52-week high of $8.75, offering almost -154.36% off that amount. The share price’s 52-week low was $3.60, which indicates that the current value has fallen by an impressive -4.65% since then. We note from Hudbay Minerals Inc.’s average daily trading volume that its 10-day average is 1.55 million shares, with the 3-month average coming to 1.51 million.

Hudbay Minerals Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.70. If we narrow it down even further, the data shows that 0 out of 16 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 2 recommended HBM as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Hudbay Minerals Inc. is expected to report earnings per share of $0.21 for the current quarter.

Hudbay Minerals Inc. (NYSE:HBM) trade information

Instantly HBM has showed a red trend with a performance of -7.77% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.24 on Monday, 07/11/22 increased the stock’s daily price by 18.87%. The company’s shares are currently down -52.55% year-to-date, but still down -17.11% over the last five days. On the other hand, Hudbay Minerals Inc. (NYSE:HBM) is -44.07% down in the 30-day period. We can see from the shorts that 10.12 million shares have been sold at a short interest cover period of 7.65 day(s).

The consensus price target as assigned by Wall Street analysts is $9.15, which translates to bulls needing to increase their stock price by 62.4% from its current value. Analyst projections state that HBM is forecast to be at a low of $4.17 and a high of $12.75. In order for the stock price to hit the forecast high, the stock would need to plunge -270.64% from its current level, while the stock would need to crash -21.22% from its current level to reach the projected low.

Hudbay Minerals Inc. (HBM) estimates and forecasts

Hudbay Minerals Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -51.34 percent over the past six months and at a 500.00% annual growth rate that is well above the industry average of 17.70%. The year-over-year growth rate is expected to be 15.70%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $477.95 million in revenue for the current quarter. 3 analysts expect Hudbay Minerals Inc. to make $407.83 million in revenue for the quarter ending Sep 2022.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -44.30%.

HBM Dividends

Hudbay Minerals Inc.’s next quarterly earnings report is expected to be released around February 16 and February 21. The annual dividend yield of the stock is 0.58 percent and its annual dividend per share was 0.02. It is important to note, however, that the 0.58% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Hudbay Minerals Inc. (NYSE:HBM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.10% of Hudbay Minerals Inc. shares, and 73.28% of them are in the hands of institutional investors. The stock currently has a share float of 73.36%. Hudbay Minerals Inc. stock is held by 224 institutions, with Waterton Global Resource Management, Inc. being the largest institutional investor. By Mar 30, 2022, it held 16.75% of the shares, which is about 43.86 million shares worth $344.26 million.

GMT Capital Corp, with 11.87% or 31.08 million shares worth $243.95 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.

DFA International Small Cap Value Portfolio and Global X Fds-Global X Copper Miners ETF were the top two Mutual Funds as of Jan 30, 2022. The former held 4.76 million shares worth $34.3 million, making up 1.82% of all outstanding shares. On the other hand, Global X Fds-Global X Copper Miners ETF held roughly 4.64 million shares worth around $33.41 million, which represents about 1.77% of the total shares outstanding.

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