Hudbay Minerals Inc (NYSE: HBM) stock closed at $10.05 on 5/14/24 after a major increase of 14.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 383% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 17.8% during the last week.
Current PriceTarget Research Rating
HBM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
HuDBAy Minerals has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. HuDBAy Minerals has a neutral Appreciation Score of 48 but a very high Power Rating of 93, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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