How have the shares performed?
Hudbay Minerals Inc. (HBM) saw downtrend of -5.14% in the recent trading with $7.01 being its most recent. The current price level -26.98% lower than the highest price of $9.60 marked by the stock while trading over the past 52-weeks, whereas it is 184.38% higher than the lowest price of $2.46 the company dropped to over past 52-weeks. The latest news story on HBM appeared in Zacks under the title “Wheaton (WPM) to Gain From Mine Expansion Moves & Buyouts” on May-24-21.
Looking into the simple moving average, Hudbay Minerals Inc. (HBM)’s stock stands at a SMA-50 of $7.58 while that of 5-day is reading $7.39.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and HBM’s SMA-200 as of now is $6.18.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 17 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Hudbay Minerals Inc. Earnings – What Happened With HBM
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Hudbay Minerals Inc. (HBM) last released financial results for the quarter that ended 12/30/2017, posting a surprise factor of 0.00% for net revenue.
HBM – Hudbay Minerals Inc. Stock Earnings Estimates
The perspective of Hudbay Minerals Inc. (NYSE:HBM)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.26 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 0.26.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 261.42 million. HBM does have institutional investors; and they hold 72.90% of the stock.
Hudbay Minerals Inc. – Insider Activity and Holdings
As on Dec 30, 2020, Waterton Global Resource Management, Inc. was the top most holder in Hudbay Minerals Inc. (NYSE:HBM) with an ownership of 43.86 million shares of the company or 16.78% of the stake worth $306.99 million. The filing also reveals GMT Capital Corp as the second largest holder in the company with a control over 15.42% of the outstanding shares. Its stake is worth $282.1 million for having 40.3 million shares in hand.
Letko, Brosseau & Associates Inc. also came holding a key position in the company during the recent quarter and it now holds 9.34% of the outstanding shares. With this there are now 192 institutions which have possession in HBM’s shares.
Currently, the stock has been recommended as Moderate Buy by 17 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. The count was 68.58 for long-term debt to equity ratio.
Technical Analysis of Hudbay Minerals Inc. (NYSE:HBM) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Hudbay Minerals Inc. (HBM), we notice that the stock’s 20-day average volume is at 1,854,305 shares and 50% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 1,514,274 shares. And to end, HBM’s 100-day average volume is 1,433,100 shares with 50% of the long-term indicators pointing towards Buy for the stock.