Hudbay Minerals Inc. [NYSE: HBM] loss -5.17% on the last trading session, reaching $4.40 price per share at the time. The company report on February 23, 2023 that Hudbay Announces Fourth Quarter and Full Year 2022 Results and Provides Annual Guidance.
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Hudbay Minerals Inc. represents 261.96 million in outstanding shares, while the company has a total market value of $1.63 billion with the latest information. HBM stock price has been found in the range of $4.26 to $4.58.
If compared to the average trading volume of 2.63M shares, HBM reached a trading volume of 4410110 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $6.29 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 1.80. 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.
Barclays have made an estimate for Hudbay Minerals Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 17, 2022. The new note on the price target was released on July 19, 2022, representing the official price target for Hudbay Minerals Inc. stock.
The Average True Range (ATR) for Hudbay Minerals Inc. is set at 0.26, with the Price to Sales ratio for HBM stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for HBM in the course of the last twelve months was 6.73 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for HBM stock
Hudbay Minerals Inc. [HBM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.18. With this latest performance, HBM shares dropped by -13.56% in over the last four-week period, additionally plugging by 1.38% over the last 6 months – not to mention a drop of -40.94% 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 33.52, with the RSI for the last a single of trading hit 29.77, and the three-weeks RSI is set at 36.67 for Hudbay Minerals Inc. [HBM]. The present Moving Average for the last 50 days of trading for this stock 5.35, while it was recorded at 4.56 for the last single week of trading, and 4.73 for the last 200 days.
Hudbay Minerals Inc. [HBM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Hudbay Minerals Inc. [HBM] shares currently have an operating margin of +22.85 and a Gross Margin at +16.18. Hudbay Minerals Inc.’s Net Margin is presently recorded at +4.77.
Return on Equity for this stock inclined to 4.59, with Return on Assets sitting at 1.57.
Hudbay Minerals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.20.
An analysis of insider ownership at Hudbay Minerals Inc. [HBM]
There are presently around $772 million, or 67.60% 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 37,855,287, which is approximately -13.681% of the company’s market cap and around 0.11% of the total institutional ownership; GMT CAPITAL CORP, holding 31,653,920 shares of the stock with an approximate value of $139.28 million in HBM stocks shares; and LETKO, BROSSEAU & ASSOCIATES INC, currently with $76.92 million in HBM stock with ownership of nearly 2.196% of the company’s market capitalization.
Positions in Hudbay Minerals Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 86 institutional holders increased their position in Hudbay Minerals Inc. [NYSE:HBM] by around 26,209,081 shares. Additionally, 48 investors decreased positions by around 25,678,724 shares, while 20 investors held positions by with 123,505,499 shares. The mentioned changes placed institutional holdings at 175,393,304 shares, according to the latest SEC report filing. HBM stock had 38 new institutional investments in for a total of 4,277,232 shares, while 11 institutional investors sold positions of 2,908,266 shares during the same period.