Hudbay Minerals Inc. (NYSE:HBM) produced a 93.31% rally since recording the worst price of $3.44. Thanks to the latest -3.48% decrease, it now trades at $6.65. Throughout the trading on 3/14/2019, the share price floated between $6.6336 and $6.79. This company shares are 61.05% off its target price of $10.71 and the current market capitalization stands at $1.74B. The recent change has given its price a 11.34% lead over SMA 50 and -17.39% deficit over its 52-week high. The stock witnessed 11.95% gains, 37.97% gains and 56.47% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HBM’s volatility during a week at 3.35% and during a month it has been found around 4%.

Hudbay Minerals Inc. (HBM) Top Holders

Institutional investors currently hold around $1.19 billion or 72.77% in HBM stock. Look at its top three institutional owners: Letko, Brosseau & Associates Inc owns $248.84 million in Hudbay Minerals Inc., which represents roughly 14.3% of the company’s market cap and approximately 20.91% of the institutional ownership. Similar statistics are true for the second largest owner, Gmt Capital Corp, which owns 30,932,620 shares of the stock are valued at $213.13 million. The third largest holder is Waterton Global Resource Management, Inc., which currently holds $209.97 million worth of this stock and that ownership represents nearly 12.07% of its market capitalization.

Hudbay Minerals Inc. 13F Filings

At the end of December reporting period, 53 institutional holders increased their position in Hudbay Minerals Inc. (NYSE:HBM) by some 45,530,070 shares, 74 decreased positions by 17,630,036 and 14 held positions by 109,515,030. That puts total institutional holdings at 172,675,136 shares, according to SEC filings. The stock grabbed 16 new institutional investments totaling 34,229,326 shares while 22 institutional investors sold out their entire positions totaling 3,458,050 shares.

Hudbay Minerals Inc. (HBM) Analyst Guide

Several analysts have released their opinion on Hudbay Minerals Inc. (NYSE:HBM), with 2 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 11 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.21 average brokerage recommendation [T1].