HudBay Minerals (HBM) stock closed lower than market, but upcoming earnings show potential growth

From Nasdaq: 2024-09-20 18:15:20

HudBay Minerals (HBM) closed at $7.82, down 1.01% from previous day, lagging behind S&P 500’s loss of 0.19%. Past month saw 0% increase in stock price, lower than Basic Materials sector’s 2.2% gain and S&P 500’s 2.06% gain.

HudBay Minerals upcoming earnings report predicts EPS of $0.10 (42.86% increase) and revenue of $504.82 million (5.07% increase). Full year estimates anticipate EPS of $0.52 (+126.09%) and revenue of $2.05 billion (+21.46%).

Recent analyst estimate revisions for HudBay Minerals suggest significant changes in near-term business trends, directly affecting stock price momentum. Zacks Rank, with a track record of 25% annual return, lists HBM as #3 (Hold). Forward P/E ratio at 15.26 is in line with industry average.

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