Technical Outlook And Game Plan For Hudbay Minerals Inc. (NYSE: HBM)

Hudbay Minerals Inc. (HBM) concluded trading on Wednesday at a closing price of $7.41, with 3.8 million shares of worth about $28.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 66.52% during that period and on April 3, 2024 the price saw a gain of about 3.49%. Currently the company’s common shares owned by public are about 350.73M shares, out of which, 349.93M shares are available for trading.

However, the stock later moved at a day high price of 6.18, or with a gain of 3.49%. Stock saw a price change of 9.94% in past 5 days and over the past one month there was a price change of 20.49%. Year-to-date (YTD), HBM shares are showing a performance of 34.24% which increased to 41.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.94 but also hit the highest price of $7.17 during that period. The average intraday trading volume for Hudbay Minerals Inc. shares is 2.08 million. The stock is currently trading 10.53% above its 20-day simple moving average (SMA20), while that difference is up 23.70% for SMA50 and it goes to 42.92% higher than SMA200.

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Hudbay Minerals Inc. (NYSE: HBM) currently have 350.73M outstanding shares and institutions hold larger chunk of about 62.75% of that.

The stock has a current market capitalization of $2.60B and its 3Y-monthly beta is at 1.98. PE ratio of stock for trailing 12 months is 40.27, while it has posted earnings per share of $0.18 in the same period. It has Quick Ratio of 0.87 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HBM, volatility over the week remained 3.16% while standing at 3.27% over the month.

Stock’s fiscal year EPS is expected to rise by 101.52% while it is estimated to increase by 55.71% in next year.

Stock get an Overweight rating from Barclays on July 19, 2022.

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