Hudbay Minerals Inc. [NYSE: HBM] stock went on a downward path that fall over -2.81% on Thursday, amounting to a one-week price decrease of less than -1.20%. The company report on June 25, 2021 that Hudbay Announces Resumption of Full Production at its Lalor Mine.
Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announced that production has resumed at its Lalor mine, located in Snow Lake, Manitoba after a fatal incident that occurred on June 19, 2021. Hoisting activities resumed on June 23 and production has since returned to normal levels.
Over the last 12 months, HBM stock rose by 105.62%. The one-year Hudbay Minerals Inc. stock forecast points to a potential upside of 38.56. The average equity rating for HBM stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.72 billion, with 261.42 million shares outstanding and 177.25 million shares in the current float. Compared to the average trading volume of 1.69M shares, HBM stock reached a trading volume of 2080668 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Hudbay Minerals Inc. [HBM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HBM shares is $10.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HBM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Hudbay Minerals Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 06, 2021. The new note on the price target was released on March 31, 2021, representing the official price target for Hudbay Minerals Inc. stock.
The Average True Range (ATR) for Hudbay Minerals Inc. is set at 0.31, with the Price to Sales ratio for HBM stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 1.04.
HBM Stock Performance Analysis:
Hudbay Minerals Inc. [HBM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.20. With this latest performance, HBM shares dropped by -6.40% in over the last four-week period, additionally sinking by -12.03% over the last 6 months – not to mention a rise of 105.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HBM stock in for the last two-week period is set at 45.61, with the RSI for the last a single of trading hit 47.32, and the three-weeks RSI is set at 45.38 for Hudbay Minerals Inc. [HBM]. The present Moving Average for the last 50 days of trading for this stock 7.32, while it was recorded at 6.61 for the last single week of trading, and 6.57 for the last 200 days.
Insight into Hudbay Minerals Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Hudbay Minerals Inc. [HBM] shares currently have an operating margin of -3.89 and a Gross Margin at +0.67. Hudbay Minerals Inc.’s Net Margin is presently recorded at -13.35.
Return on Total Capital for HBM is now -1.51, given the latest momentum, and Return on Invested Capital for the company is -5.25. Return on Equity for this stock declined to -8.50, with Return on Assets sitting at -3.31. When it comes to the capital structure of this company, Hudbay Minerals Inc. [HBM] has a Total Debt to Total Equity ratio set at 70.55. Additionally, HBM Total Debt to Total Capital is recorded at 41.37, with Total Debt to Total Assets ending up at 25.70. Long-Term Debt to Equity for the company is recorded at 68.58, with the Long-Term Debt to Total Capital now at 40.21.
Reflecting on the efficiency of the workforce at the company, Hudbay Minerals Inc. [HBM] managed to generate an average of -$86,731 per employee. Receivables Turnover for the company is 8.48 with a Total Asset Turnover recorded at a value of 0.25.
Hudbay Minerals Inc. [HBM] Insider Position Details
There are presently around $1,157 million, or 73.37% of HBM stock, in the hands of institutional investors. The top three institutional holders of HBM stocks are: WATERTON GLOBAL RESOURCE MANAGEMENT, INC. with ownership of 43,855,287, which is approximately 0% of the company’s market cap and around 0.06% of the total institutional ownership; GMT CAPITAL CORP, holding 37,892,420 shares of the stock with an approximate value of $249.33 million in HBM stocks shares; and LETKO, BROSSEAU & ASSOCIATES INC, currently with $118.18 million in HBM stock with ownership of nearly -26.471% of the company’s market capitalization.
Positions in Hudbay Minerals Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 51 institutional holders increased their position in Hudbay Minerals Inc. [NYSE:HBM] by around 16,810,568 shares. Additionally, 56 investors decreased positions by around 19,052,124 shares, while 15 investors held positions by with 140,026,817 shares. The mentioned changes placed institutional holdings at 175,889,509 shares, according to the latest SEC report filing. HBM stock had 14 new institutional investments in for a total of 1,695,447 shares, while 17 institutional investors sold positions of 3,969,495 shares during the same period.