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Hudbay Minerals Inc. (HBM): The stock ticks all the boxes for top investors

For the readers interested in the stock health of Hudbay Minerals Inc. (HBM). It is currently valued at $3.54. When the transactions were called off in…

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This article was originally published by Invest Chronicle

For the readers interested in the stock health of Hudbay Minerals Inc. (HBM). It is currently valued at $3.54. When the transactions were called off in the previous session, Stock hit the highs of $3.71, after setting-off with the price of $3.70. Company’s stock value dipped to $3.50 during the trading on the day. When the trading was stopped its value was $3.63.Recently in News on July 14, 2022, Hudbay Announces Filing of Technical Report for its Copper World Complex. Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that it has filed a National Instrument 43-101 technical report containing the results of the preliminary economic assessment of its 100%-owned Copper World Complex in Arizona, which includes the recently discovered Copper World deposits along with the Rosemont deposit. The results were previously released in Hudbay’s news release dated June 8, 2022 and are highlighted below. All dollar amounts are in US dollars, unless otherwise noted. 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 -49.21%

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 -59.54% during the 52-week period from high price, and 14.94% 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 3748510 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 -51.17%, having the revenues showcasing -44.08% 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 1.07B, as it employees total of 2505 workers.

Specialists analysis 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 5.75, with a change in the price was noted -4.59. In a similar fashion, Hudbay Minerals Inc. posted a movement of -56.46% for the period of last 100 days, recording 1,529,456 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.

Trends and Technical analysis: Hudbay Minerals Inc. (HBM)

Raw Stochastic average of Hudbay Minerals Inc. in the period of last 50 days is set at 14.74%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 39.83%. In the last 20 days, the company’s Stochastic %K was 51.37% and its Stochastic %D was recorded 48.51%.

Now, considering the stocks previous presentation, 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 -51.17%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -50.83%, alongside a downfall of -49.21% for the period of the last 12 months. The shares increased approximately by 7.93% in the 7-day charts and went up by -14.70% in the period of the last 30 days. Common stock shares were lifted by -44.08% during last recorded quarter.



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