Investing In Hudbay Minerals Inc. (NYSE: HBM): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Hudbay Delivers Record Fourth Quarter and Full Year 2023 Results and Provides Annual Guidance.

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Stocks Info

The company is listed on the NYSE and operates within the Copper industry segment. At the end of the last regular session, the stock closed at $6.30 and fluctuated between $6.44 as its day high and $6.26 as its day low. The current market capitalization of Hudbay Minerals Inc. is $2.21B. A total of 1.77 million shares were traded on the day, compared to an average of 1.86M shares.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Hudbay Minerals Inc. pays an annual dividend of $0.01, resulting in a dividend yield of 0.23%, and it has a price to earnings (P/E) ratio of 34.24. HBM’s most recent ex-dividend date was 3/4/2024 when it declared a $0.0074 quarterly dividend that was paid in cash on 3/22/2024. Previously, the company paid the dividend on 9/22/2023 with an ex-dividend date of 8/31/2023. The HBM stock dividend was $0.0080 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, HBM has a high of $6.52 and a low of $3.94.

As of this writing, HBM has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.02. The company reported an EPS of $0.07 in the last quarter, which was -30.00% lower than expectations of $0.1.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HBM’s latest balance sheet shows that the firm has $270.99M in Cash & Short Term Investments as of fiscal 2021. There were $1.26B in debt and $509.22M in liabilities at the time. Its Book Value Per Share was $5.98, while its Total Shareholder’s Equity was $1.48B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HBM is Buy with a score of 4.33.

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