Hudbay Minerals Inc (NYSE:HBM) shares, rose in value on Thursday, March 06, with the stock price down by -2.95% to the previous day’s close as strong demand from buyers drove the stock to $7.23.
Actively observing the price movement in the last trading, the stock closed the session at $7.45. The PE ratio was 37.10 over 12-month period. Referring to stock’s 52-week performance, its high was $10.49, and the low was $6.12. On the whole, HBM has fluctuated by -16.42% over the past month.
With the market capitalization of Hudbay Minerals Inc currently standing at about $2.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.01, with its dividend yield at 0.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.08B, with a low estimate of 495.22M and a high estimate of 570.44M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 534.22M.
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 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.31, with the price of HBM currently trading nearly -9.65% and -12.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.45, while the 7-day volatility ratio is showing 6.01% which for the 30-day chart, stands at 5.06%. Furthermore, Hudbay Minerals Inc (HBM)’s beta value is 1.69, and its average true range (ATR) is 0.45.
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 -2.95% in last session, and over the past year, it grew by 17.56%%.
Data on historical trading for Hudbay Minerals Inc (NYSE:HBM) indicates that the trading volumes over the past 3 months, they’ve averaged 6.06 million. According to company’s latest data on outstanding shares, there are 394.93 million shares outstanding.
Nearly 0.21% of Hudbay Minerals Inc’s shares belong to company insiders and institutional investors own 78.73% of the company’s shares. The stock has fallen by -10.74% 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.
