A share of Hudbay Minerals Inc. (NYSE:HBM) closed at $5.58 per share on Wednesday, up from $5.50 day before. While Hudbay Minerals Inc. has overperformed by 1.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HBM fell by -21.41%, with highs and lows ranging from $8.75 to $3.08, whereas the simple moving average jumped by 2.78% in the last 200 days.
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On October 17, 2022, Barclays Downgraded Hudbay Minerals Inc. (NYSE: HBM) to Equal Weight. A report published by Barclays on July 19, 2022, Upgraded its rating to ‘Overweight’ for HBM. BofA Securities April 06, 2021d its ‘Underperform’ rating to ‘Buy’ for HBM, as published in its report on April 06, 2021. Barclays also rated the stock as ‘Equal Weight’.
Analysis of Hudbay Minerals Inc. (HBM)
It’s important to note that HBM shareholders are currently getting $0.02 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -3.60%, showing a negative trend in the upcoming months.
Hudbay Minerals Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 5.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and HBM is registering an average volume of 1.51M. On a monthly basis, the volatility of the stock is set at 5.68%, whereas on a weekly basis, it is put at 3.82%, with a gain of 2.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.75, showing growth from the present price of $5.58, which can serve as yet another indication of whether HBM is worth investing in or should be passed over.
How Do You Analyze Hudbay Minerals Inc. Shares?
A giant in the Copper market, Hudbay Minerals Inc. (HBM) is based in the Canada. When comparing Hudbay Minerals Inc. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 14.20, there is a growth in quarterly earnings of 95.20%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 67.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in HBM shares?
The recent increase in stakes in HBM appears to be a result of several institutional investors and hedge funds increasing their positions. GMT Capital Corp.’s position in HBM has increased by 2.13% in the first quarter. The company now owns 31,653,920 shares of the stock, with a value of $120.28 million, following the purchase of 659,500 additional shares during the last quarter. L1 Capital Pty Ltd. made another decreased to its shares in HBM during the first quarter, downing its stake by -1.44%. During the last quarter, the company picked up -263,440 additional shares for a total stake of worth $68.69 million, bringing number of shares owned by the company to 18,076,014.
At the end of the first quarter, The Vanguard Group, Inc. increased its HBM holdings by 3.86% and now holds 5.55 million HBM shares valued at $21.08 million with the added 0.21 million shares during the period. HBM shares are owned by institutional investors to the tune of 67.60% at present.