Hudbay Minerals Inc. (NYSE:HBM) shares, rose in value, with the stock price down by -3.01% to the previous day’s close as strong demand from buyers drove the stock to $9.03.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.31, falling within a range of $8.995 and $9.22. The value of beta (5-year monthly) is 1.831 whereas the PE ratio is 38.15 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 -4.34% over the past month.
With the market capitalization of Hudbay Minerals Inc. currently standing at about $4.94 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-13. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.16%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.02B, with a low estimate of 448M and a high estimate of 459M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 455.4M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of HBM currently trading nearly -3.05% and 5.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.22, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 2.60%. 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 -3.01% in today’s session so far, and over the past year, it grew by 107.11%%.
Data on historical trading for Hudbay Minerals Inc. (NYSE:HBM) indicates that the trading volumes over the past 10 days have averaged 2.27 and over the past 3 months, they’ve averaged 3.55 million. According to company’s latest data on outstanding shares, there are 350.73 million shares outstanding.
Nearly 0.27% of Hudbay Minerals Inc.’s shares belong to company insiders and institutional investors own 76.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.5 million shares as on 2024-10-15, resulting in a short ratio of 1.42. The stock has risen by 63.59% 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.
