Looking at the stock we see that its previous close was $8.62 and the beta (5Y monthly) reads 1.832 with the day’s price range being $8.46 – $8.7501. The company has a trailing 12-month PE ratio of 37.01. In terms of its 52-week price range, HBM has a high of $10.49 and a low of $4.94. The company’s stock has lost about -2.49% over that past 30 days.
Hudbay Minerals Inc has a market cap of $3.03 billion and is expected to release its quarterly earnings report in February. With its Forward Dividend at 0.01 and a yield of 0.17%, the company’s investors could be anxious for the HBM stock to gain ahead of the earnings release.
On the other hand, looking at the outlook for the HBM stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Hudbay Minerals Inc (HBM) stock as a Hold, while 9 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 1.57% off its SMA20 and -2.04% from its 50-day simple moving average. The RSI (14) is pointing at 51.44 while the volatility over the past week is 3.38% and jumps to 3.65% over the past one month. The beta value is 1.74, while the average true range (ATR) is currently pointing at 0.33. The average price target for the stock over the next 12 months is $10.34471789, with the estimates having a low of $10.34471789 and a high of $10.34471789. These price ends are -20.01% and -20.01% off the today’s price level respectively, although investors could be excited at the prospect of a -20.01% if the HBM share price touches on the median price of $10.34471789.
Coming back to Hudbay Minerals Inc (NYSE:HBM), we note that the average 3-month trading volume was 3.45 million, while that of the preceding 10-day period stands at 4.66 million. Current shares outstanding are 393.66 million.
The insiders hold 0.18% of the company’s shares while institutions hold 75.95%. The data shows that short shares as of 2024-10-31, stood at 4.61 million at a short ratio of 1.7. Shares short fall in October from the previous month at 4.91 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 6.42% up in year-to-date price movement.
