HudBay Minerals (HBM) Stock Moves -0.73%: What You Should Know

In its latest trading session, HudBay Minerals (HBM) closed at $8.21, marking a decline of -0.73% from the previous day's finish. This decrease was slightly better than the S&P 500, which saw a drop of 0.76%. The Dow Jones Industrial Average fell by 0.28%, while the Nasdaq, which is heavily weighted with technology stocks, experienced a more significant decline of 1.2%.

Over the past month, HudBay Minerals' stock has decreased by 2.25%, underperforming compared to the broader Basic Materials sector, which gained 5.86%, and the S&P 500, which rose by 2.71%.

Looking ahead, investors are keenly anticipating HudBay Minerals' upcoming earnings report, which is expected to be released on February 19, 2025. Analysts are predicting earnings per share (EPS) to be around $0.23, which would represent a 15% growth compared to the same quarter last year. Additionally, the consensus estimate for the company's revenue stands at $629.04 million, reflecting a 4.46% increase from the prior year.

Analyst estimates for HudBay Minerals have shown some recent changes, which often indicate shifts in the company's near-term business outlook. Positive revisions generally suggest a favorable perspective on the company's performance and profitability potential.

Research indicates a direct relationship between these estimate changes and the expected stock price performance. To assist with this, a rating system called the Zacks Rank has been developed. This quantitative model considers fluctuations in estimates and provides an overall rating.

The Zacks Rank ranges from #1 (Strong Buy) to #5 (Strong Sell) and has a well-established history of market outperformance, as validated by independent audits. Stocks rated #1 have averaged a +25% return annually since 1988. In the last month, the consensus EPS forecast for HudBay Minerals has decreased by 2.21%. Currently, the stock holds a Zacks Rank of #3 (Hold).

From a valuation perspective, HudBay Minerals is trading at a Forward Price-to-Earnings (P/E) ratio of 9.35, which suggests that it is undervalued compared to the industry average Forward P/E of 11.35.

HudBay Minerals operates in the Mining - Miscellaneous sector, which is classified under Basic Materials. This industry currently holds a Zacks Industry Rank of 140, placing it within the bottom 45% of over 250 industry groups.

The Zacks Industry Rank evaluates the strength of various industry segments by averaging the Zacks Rank of individual stocks in each group. It has been observed that the top half of industry rankings often outperform the lower half by a ratio of 2 to 1.

Investors looking to keep track of these key stock metrics and other updates are encouraged to stay informed throughout the upcoming trading sessions.

stocks, mining, earnings