Hudbay Minerals Inc. [NYSE: HBM] stock went on a downward path that fall over -8.49% on Wednesday, amounting to a one-week price decrease of less than -4.72%.
Over the last 12 months, HBM stock rose by 100.00%. The one-year Hudbay Minerals Inc. stock forecast points to a potential upside of 13.97. The average equity rating for HBM stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.33 billion, with 350.73 million shares outstanding and 350.24 million shares in the current float. Compared to the average trading volume of 3.03M shares, HBM stock reached a trading volume of 15000981 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 $11.02 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 1.33. 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.
Jefferies have made an estimate for Hudbay Minerals Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 03, 2024. The new note on the price target was released on April 09, 2024, representing the official price target for Hudbay Minerals Inc. stock.
The Average True Range (ATR) for Hudbay Minerals Inc. is set at 0.41, with the Price to Sales ratio for HBM stock in the period of the last 12 months amounting to 1.75. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 0.81. Price to Free Cash Flow for HBM in the course of the last twelve months was 17.97 with Quick ratio for the last quarter at 1.00.
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 -4.72. With this latest performance, HBM shares gained by 22.64% in over the last four-week period, additionally plugging by 109.73% over the last 6 months – not to mention a rise of 100.00% 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 59.05, with the RSI for the last a single of trading hit 54.17, and the three-weeks RSI is set at 61.61 for Hudbay Minerals Inc. [HBM]. The present Moving Average for the last 50 days of trading for this stock 7.99, while it was recorded at 10.00 for the last single week of trading, and 5.76 for the last 200 days.
Insight into Hudbay Minerals Inc. Fundamentals:
Hudbay Minerals Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.
Hudbay Minerals Inc. [HBM] Institutonal Ownership Details
The top three institutional holders of HBM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HBM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HBM stock with ownership which is approximately 5.8386%.
