◆ NeutralHBM
Why HudBay Minerals (HBM) Dipped More Than Broader Market Today
Zacks Investment Research·
HudBay Minerals (HBM) declined 1.22% to $26.68 in the latest session, underperforming the S&P 500. The company projects strong earnings growth of 1,033% YoY for the upcoming quarter with revenue expected at $769.13 million (+121.78% YoY). However, the stock holds a Zacks Rank #3 (Hold) rating with a recent 11.31% decrease in consensus EPS estimates over 30 days. Trading at a Forward P/E of 19.32, HBM is valued slightly above its industry average, while the Mining - Miscellaneous sector ranks in the bottom 24% of industries.
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