HBM Stock Summary and Trading Ideas (Hudbay Minerals Ordinary Shares (Canada) | NYSE:HBM)

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company's revenue is attributable to the copper business. The company sells copper concentrates to smelters across Asia, America, and Europe, and sells Zinc metal, the next biggest source of revenue, to industrial customers across North America.

Hudbay Minerals Ordinary Shares (Canada) trades on the NYSE stock market under the symbol HBM.

As of December 13, 2024, HBM stock price declined to $8.66 with 7,621,010 million shares trading.

HBM has a beta of 1.99, meaning it tends to be more sensitive to market movements. HBM has a correlation of 0.25 to the broad based SPY ETF.

HBM has a market cap of $3.41 billion. This is considered a Mid Cap stock.

Last quarter Hudbay Minerals Ordinary Shares (Canada) reported $486 million in Revenue and $.13 earnings per share. This beat revenue expectation by $30 million and exceeded earnings estimates by $.09.

In the last 3 years, HBM traded as high as $10.49 and as low as $3.08.

The top ETF exchange traded funds that HBM belongs to (by Net Assets): COPX, DISV, DFIC, DFIS, DFAI.

HBM has outperformed the market in the last year with a return of +73.5%, while the SPY ETF gained +29.9%. In the last 3 month period, HBM beat the market returning +18.0%, while SPY returned +7.8%. However, in the most recent 2 weeks HBM has underperformed the stock market by returning -3.1%, while SPY returned +0.3%.

HBM support price is $8.91 and resistance is $9.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HBM shares will trade within this expected range on the day.