We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HudBay Minerals (HBM) Flat As Market Sinks: What You Should Know
Read MoreHide Full Article
The latest trading session saw HudBay Minerals (HBM - Free Report) ending at $9.06, denoting no adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%.
Heading into today, shares of the mining company had lost 3.62% over the past month, lagging the Basic Materials sector's loss of 3.57% and the S&P 500's gain of 0.41% in that time.
The investment community will be paying close attention to the earnings performance of HudBay Minerals in its upcoming release. The company is slated to reveal its earnings on November 13, 2024. In that report, analysts expect HudBay Minerals to post earnings of $0.05 per share. This would mark a year-over-year decline of 28.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $470.43 million, down 2.09% from the year-ago period.
HBM's full-year Zacks Consensus Estimates are calling for earnings of $0.48 per share and revenue of $2.04 billion. These results would represent year-over-year changes of +108.7% and +20.73%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for HudBay Minerals. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.76% downward. HudBay Minerals currently has a Zacks Rank of #3 (Hold).
In terms of valuation, HudBay Minerals is currently trading at a Forward P/E ratio of 18.97. For comparison, its industry has an average Forward P/E of 16.93, which means HudBay Minerals is trading at a premium to the group.
The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HBM in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
HudBay Minerals (HBM) Flat As Market Sinks: What You Should Know
The latest trading session saw HudBay Minerals (HBM - Free Report) ending at $9.06, denoting no adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.61%, and the technology-centric Nasdaq decreased by 0.33%.
Heading into today, shares of the mining company had lost 3.62% over the past month, lagging the Basic Materials sector's loss of 3.57% and the S&P 500's gain of 0.41% in that time.
The investment community will be paying close attention to the earnings performance of HudBay Minerals in its upcoming release. The company is slated to reveal its earnings on November 13, 2024. In that report, analysts expect HudBay Minerals to post earnings of $0.05 per share. This would mark a year-over-year decline of 28.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $470.43 million, down 2.09% from the year-ago period.
HBM's full-year Zacks Consensus Estimates are calling for earnings of $0.48 per share and revenue of $2.04 billion. These results would represent year-over-year changes of +108.7% and +20.73%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for HudBay Minerals. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.76% downward. HudBay Minerals currently has a Zacks Rank of #3 (Hold).
In terms of valuation, HudBay Minerals is currently trading at a Forward P/E ratio of 18.97. For comparison, its industry has an average Forward P/E of 16.93, which means HudBay Minerals is trading at a premium to the group.
The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 170, this industry ranks in the bottom 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HBM in the coming trading sessions, be sure to utilize Zacks.com.