Hudbay Minerals Inc (NYSE:HBM) shares, rose in value on Wednesday, January 22, with the stock price down by -4.20% to the previous day’s close as strong demand from buyers drove the stock to $8.43.
Actively observing the price movement in the last trading, the stock closed the session at $8.80, falling within a range of $8.43 and $8.825. The value of beta (5-year monthly) was 1.832 whereas the PE ratio was 36.20 over 12-month period. Referring to stock’s 52-week performance, its high was $10.49, and the low was $4.94. On the whole, HBM has fluctuated by 7.53% over the past month.
With the market capitalization of Hudbay Minerals Inc currently standing at about $2.96 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. 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 2.04B, with a low estimate of 556.5M and a high estimate of 611.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 588.28M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of HBM currently trading nearly -0.70% and -3.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.83, while the 7-day volatility ratio is showing 4.10% which for the 30-day chart, stands at 3.51%. Furthermore, Hudbay Minerals Inc (HBM)’s beta value is 1.75, and its average true range (ATR) is 0.34.
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 -4.20% in last session, and over the past year, it grew by 60.88%%.
Data on historical trading for Hudbay Minerals Inc (NYSE:HBM) indicates that the trading volumes over the past 10 days have averaged 4.6 and over the past 3 months, they’ve averaged 3.74 million. According to company’s latest data on outstanding shares, there are 393.66 million shares outstanding.
Nearly 0.18% of Hudbay Minerals Inc’s shares belong to company insiders and institutional investors own 76.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.61 million shares as on 2024-10-31, resulting in a short ratio of 1.7. The stock has risen by 4.07% 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.
