With 394.93M Outstanding Shares, Can Hudbay Minerals Inc (NYSE: HBM) Deliver Big Short-Term Gains?

Hudbay Minerals Inc (NYSE:HBM) currently has a daily average trading volume of 7.24M but it saw 14102308 shares traded in last market. With a market cap of 2.44B USD, the company’s current market price of $6.95 came rising about 14.12 while comparing to the previous closing price of $6.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.49 and as low as $5.95. In the recent trading on the day, stock has struck highest price mark of $6.035 while lowest mark touched by it was $7.075.

Taking a look at 20-day trading activity of Hudbay Minerals Inc (HBM) gives us an average price of $7.62, while its current price level is -33.75% below from 52-week high level whereas it is 16.81% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.82 while that of 200 days or SMA-200 reads an average of $8.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.22% during that period while stretching the period over a month that decreases to 6.04%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.60 which implies that the stock is in neutral territory.

Over the week, HBM’s stock price is moving -9.62% down while it is -1.42% when we observe its performance for the past one month. Year-to-date it is -14.20% down and over the past year, the stock is showing a downside performance of -6.96%.

The company is expected to be releasing its next quarterly report on 2025-Feb-18, for which analysts forecasted an EPS of 0.15 while estimate for next year EPS is 0.61. In next quarter, company is expected to be making quarterly sales of $530.86M as analysts are expecting the sales for current fiscal year at $2.09B and seeing the company making $2.11B in sales next year. Moreover, analysts are in estimates of $528.21M for current-quarter revenue.

Currently, Hudbay Minerals Inc’s total number of outstanding shares is 394.93M with 0.08% of that held by the insiders while 74.79% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.07% and return on equity (ROE) at 3.30%. It has a price to earnings ratio (P/E ratio) of 35.66 while having a 11.00 of forward P/E ratio. Stock’s beta reads 1.59. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 1.23. Its return on asset (ROA) is 1.42% on average.