Hudbay Minerals Inc. (NYSE:HBM) shares, rose in value on Thursday, April 25, with the stock price up by 3.29% to the previous day’s close as strong demand from buyers drove the stock to $7.99.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.74. The PE ratio was 43.45 over 12-month period. Referring to stock’s 52-week performance, its high was $8.11, and the low was $3.94. On the whole, HBM has fluctuated by 18.62% over the past month.
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 1.91B, with a low estimate of 336.3M and a high estimate of 394.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 365.45M.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HBM currently trading nearly 6.27% and 19.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.01, while the 7-day volatility ratio is showing 3.54% which for the 30-day chart, stands at 3.59%. Furthermore, Hudbay Minerals Inc. (HBM)’s beta value is 1.93, and its average true range (ATR) is 0.30.
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 3.29% in today’s session so far, and over the past year, it grew by 63.16%%.
Data on historical trading for Hudbay Minerals Inc. (NYSE:HBM) indicates that the trading volumes over the past 3 months, they’ve averaged 2.40 million. According to company’s latest data on outstanding shares, there are 350.73 million shares outstanding.
Nearly 0.23% of Hudbay Minerals Inc.’s shares belong to company insiders and institutional investors own 63.22% of the company’s shares. The stock has risen by 44.84% 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.
