Hudbay Minerals Inc. (NYSE:HBM) shares, rose in value on Friday, August 30, with the stock price up by 2.74% to the previous day’s close as strong demand from buyers drove the stock to $8.06.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.85, falling within a range of $7.93 and $8.095. The value of beta (5-year monthly) is 1.836 whereas the PE ratio is 34.07 over 12-month period. Referring to stock’s 52-week performance, its high was $10.49, and the low was $3.94. On the whole, HBM has fluctuated by 3.27% over the past month.
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With the market capitalization of Hudbay Minerals Inc. currently standing at about $2.83 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.03B, with a low estimate of 455.95M and a high estimate of 490.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 473.13M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HBM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.44, with the price of HBM currently trading nearly 5.58% and -2.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.54, while the 7-day volatility ratio is showing 2.57% which for the 30-day chart, stands at 4.13%. Furthermore, Hudbay Minerals Inc. (HBM)’s beta value is 1.78, and its average true range (ATR) is 0.29.
A comparison of Hudbay Minerals Inc. (HBM) with its peers suggests the former has fared considerably weaker in the market. HBM showed an intraday change of 2.74% in today’s session so far, and over the past year, it grew by 62.27%%.
Data on historical trading for Hudbay Minerals Inc. (NYSE:HBM) indicates that the trading volumes over the past 10 days have averaged 3.82 and over the past 3 months, they’ve averaged 3.39 million. According to company’s latest data on outstanding shares, there are 350.73 million shares outstanding.
Nearly 0.29% of Hudbay Minerals Inc.’s shares belong to company insiders and institutional investors own 80.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.65 million shares as on 2024-08-15, resulting in a short ratio of 1.46. The stock has risen by 46.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HBM stock heading into the next quarter.
