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Investors have a limited window left to buy Hudbay Minerals Inc. (HBM)

Let’s start up with the current stock price of Hudbay Minerals Inc. (HBM), which is $4.61 to be very precise. The Stock rose vividly during the last…

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This article was originally published by Invest Chronicle

Let’s start up with the current stock price of Hudbay Minerals Inc. (HBM), which is $4.61 to be very precise. The Stock rose vividly during the last session to $4.66 after opening rate of $4.30 while the lowest price it went was recorded $4.27 before closing at $4.15.Recently in News on August 9, 2022, Hudbay Files Early Warning Report for American Copper Development Corporation. Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that, pursuant to the terms of an asset purchase agreement dated May 18, 2022 between, among others, American Copper Development Corporation (“American Copper”) and Hudbay’s wholly owned subsidiary, Mason Resources (US) Inc. (“Mason”), American Copper issued 9,896,591 common shares (the “Consideration Shares”) to Mason as partial consideration for the acquisition of a 100% interest in Mason’s Lordsburg property in New Mexico, United States. The Consideration Shares represent approximately 12.0% of American Copper’s currently issued and outstanding shares. You can read further details here

Hudbay Minerals Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $8.75 on 03/10/22, with the lowest value was $3.08 for the same time period, recorded on 07/14/22.

Hudbay Minerals Inc. (HBM) full year performance was -29.62%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Hudbay Minerals Inc. shares are logging -47.31% during the 52-week period from high price, and 49.68% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.08 and $8.75.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 2278059 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Hudbay Minerals Inc. (HBM) recorded performance in the market was -36.41%, having the revenues showcasing -13.18% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.52B, as it employees total of 2505 workers.

Analysts verdict on Hudbay Minerals Inc. (HBM)

During the last month, 13 analysts gave the Hudbay Minerals Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 5.51, with a change in the price was noted -3.25. In a similar fashion, Hudbay Minerals Inc. posted a movement of -41.35% for the period of last 100 days, recording 1,518,621 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HBM is recording 0.81 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.79.

Hudbay Minerals Inc. (HBM): Technical Analysis

Raw Stochastic average of Hudbay Minerals Inc. in the period of last 50 days is set at 49.04%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 96.84%. In the last 20 days, the company’s Stochastic %K was 91.72% and its Stochastic %D was recorded 82.65%.

Let’s take a glance in the erstwhile performances of Hudbay Minerals Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -36.41%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -40.21%, alongside a downfall of -29.62% for the period of the last 12 months. The shares increased approximately by 31.34% in the 7-day charts and went down by 38.44% in the period of the last 30 days. Common stock shares were lifted by -13.18% during last recorded quarter.



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