During the recent session, Hudbay Minerals Inc. (NYSE:HBM)’s traded shares were 2.61 million, with the beta value of the company hitting 1.98. At the last check today, the stock’s price was $5.30, reflecting an intraday gain of 2.22% or $0.11. The 52-week high for the HBM share is $7.80, that puts it down -47.17 from that peak though still a striking 41.89% gain since the share price plummeted to a 52-week low of $3.08. The company’s market capitalization is $1.85B, and the average intraday trading volume over the past 10 days was 3.53 million shares, and the average trade volume was 2.63 million shares over the past three months.

Hudbay Minerals Inc. (HBM) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. HBM has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.11.

Hudbay Minerals Inc. (NYSE:HBM) trade information

Hudbay Minerals Inc. (HBM) registered a 2.22% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.22% in intraday trading to $5.30 this Wednesday, 04/12/23, hitting a weekly high. The stock’s 5-day price performance is 1.82%, and it has moved by 14.33% in 30 days. Based on these gigs, the overall price performance for the year is -28.02%. The short interest in Hudbay Minerals Inc. (NYSE:HBM) is 7.47 million shares and it means that shorts have 2.95 day(s) to cover.

The consensus price target of analysts on Wall Street is $7.13, which implies an increase of 25.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.17 and $9.65 respectively. As a result, HBM is trading at a discount of -82.08% off the target high and 2.45% off the low.

Hudbay Minerals Inc. (HBM) estimates and forecasts

Statistics show that Hudbay Minerals Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Hudbay Minerals Inc. (HBM) shares have gone up 36.38% during the last six months, with a year-to-date growth rate more than the industry average at 390.00% against 13.30. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 450.00% this quarter and then jump 8.30% in the quarter after that. In the rating firms’ projections, revenue will increase 9.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $379.71 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $389.5 million by the end of Jun 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $378.62 million and $415.45 million respectively. In this case, analysts expect current quarter sales to grow by 0.30% and then drop by -6.20% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -14.10%. While earnings are projected to return 128.70% in 2023.

HBM Dividends

Hudbay Minerals Inc. is due to release its next quarterly earnings between May 08 and May 12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Hudbay Minerals Inc. is 0.02, with the dividend yield indicating at 0.39 percent, continuing the trend of increasing dividends in recent years.

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

Hudbay Minerals Inc. insiders own 0.09% of total outstanding shares while institutional holders control 67.92%, with the float percentage being 67.98%. Waterton Global Resource Management, Inc. is the largest shareholder of the company, while 239 institutions own stock in it. As of Dec 30, 2022, the company held over 37.86 million shares (or 14.45% of all shares), a total value of $191.93 million in shares.

The next largest institutional holding, with 31.65 million shares, is of GMT Capital Corp’s that is approximately 12.08% of outstanding shares. At the market price on Dec 30, 2022, these shares were valued at $160.49 million.

Also, the Mutual Funds coming in first place with the largest holdings of Hudbay Minerals Inc. (HBM) shares are Global X Fds-Global X Copper Miners ETF and DFA International Core Equity Portfolio. Data provided on Dec 30, 2022 indicates that Global X Fds-Global X Copper Miners ETF owns about 5.09 million shares. This amounts to just over 1.94 percent of the company’s overall shares, with a $25.82 million market value. The same data shows that the other fund manager holds slightly less at 4.06 million, or about 1.55% of the stock, which is worth about $15.43 million.

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