Hudbay Minerals Inc. (NYSE:HBM) price is hovering lower on Tuesday, April 16, dropping -2.75% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $7.65. The company’s P/E ratio in the trailing 12-month period read 40.43. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.11 and 52-week low of $3.94. The stock added 7.36% on its value in the past month.
Hudbay Minerals Inc., which has a market valuation of $2.61 billion. The company stock has a Forward Dividend ratio of 0.01, while the dividend yield is 0.20%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give HBM a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that HBM’s price is at present 3.08% off the SMA20 and 17.05% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 59.87, with weekly volatility standing at 4.55%. The indicator jumps to 3.37% when calculated based on the past 30 days. Hudbay Minerals Inc. (NYSE:HBM)’s beta value is holding at 1.93, while the average true range (ATR) indicator is currently reading 0.28.
An analysis of the Hudbay Minerals Inc. (NYSE:HBM) stock in terms of its daily trading volume indicates that the 3-month average is 2.28 million.
Current records show that the company has 350.73M in outstanding shares. The insiders’ percentage holdings are 0.23% of outstanding shares while the percentage share held by institutions stands at 62.74%. But the 34.78% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
