Hudbay Minerals Inc. (NYSE:HBM) closed Thursday at $4.32 per share, down from $4.38 a day earlier. While Hudbay Minerals Inc. has underperformed by -1.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HBM fell by -23.40%, with highs and lows ranging from $6.34 to $3.08, whereas the simple moving average fell by -11.69% in the last 200 days.
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Analysis of Hudbay Minerals Inc. (HBM)
The current dividend for HBM investors is set at $0.02 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -22.00%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Hudbay Minerals Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 0.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and HBM is recording an average volume of 2.67M. On a monthly basis, the volatility of the stock is set at 3.87%, whereas on a weekly basis, it is put at 3.25%, with a loss of -8.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.84, showing growth from the present price of $4.32, 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?
Hudbay Minerals Inc. (HBM) is based in the Canada and is one of the most prominent companies operating in the Copper market. 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 69.68, there is a growth in quarterly earnings of -91.50%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 0.09%. 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 decreased by -2.76% in the first quarter. The company now owns 30,779,920 shares of the stock, with a value of $154.21 million, following the sale of -874,000 additional shares during the last quarter. Letko, Brosseau & Associates Inc. made another decreased to its shares in HBM during the first quarter, downing its stake by -2.94%. During the last quarter, the company picked up -514,200 additional shares for a total stake of worth $85.01 million, bringing number of shares owned by the company to 16,967,462.
During the first quarter, L1 Capital Pty Ltd. added a 3,622,951 position in HBM. Edgepoint Investment Group, Inc. purchased an additional 45672.0 shares in the last quarter, increasing its holdings by 0.74%, now holding 6.22 million shares worth $31.17 million. At the end of the first quarter, Acadian Asset Management LLC increased its HBM holdings by 1,066.37% and now holds 6.08 million HBM shares valued at $30.47 million with the added 5.56 million shares during the period. HBM shares are owned by institutional investors to the tune of 67.60% at present.
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