Hudbay Minerals Inc (NYSE:HBM) price on current trading day, rose 0.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.71.
A look at the stock’s price movement, the level at last check in today’s session was $8.64, moving within a range at $8.56 and $8.8856. The beta value (5-Year monthly) was 1.832 while the PE ratio in trailing twelve months stood at 37.40. Turning to its 52-week performance, $10.49 and $4.94 were the 52-week high and 52-week low respectively. Overall, HBM moved 1.51% over the past month.
Hudbay Minerals Inc’s market cap currently stands at around $3.06 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.01, with its dividend yield at 0.17%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 580.64M for the company’s revenue for the quarter, with a low and high estimate of 556.5M and 596.58M respectively. The average forecast suggests down to a -3.58% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.04B, representing a 20.67% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HBM is a 50% Sell. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 9 recommend HBM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HBM’s current price about 3.43% and -0.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.33, while 7-day volatility ratio is 3.67% and 3.56% in the 30-day chart. Further, Hudbay Minerals Inc (HBM) has a beta value of 1.74, and an average true range (ATR) of 0.33. Analysts have given the company’s stock an average 52-week price target of $10.34471789, forecast between a low of $10.34471789 and high of $10.34471789. Looking at the price targets, the low is -18.77% off recent price level in today’s trading while to achieve the yearly target high, it has to move -18.77%. Nonetheless, investors will most likely welcome a -18.77% jump to $10.34471789 which is the analysts’ median price.
If we refocus on Hudbay Minerals Inc (NYSE:HBM), historical trading data shows that trading volumes averaged 4.88 over the past 10 days and 3.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 393.66 million shares.
The 0.18% of Hudbay Minerals Inc’s shares are in the hands of company insiders while institutional holders own 76.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.61 million on 2024-10-31, giving us a short ratio of 1.7. Current price change has pushed the stock 7.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HBM stock continues to rise going into the next quarter.
