Hudbay Minerals Inc. Expected to Earn FY2024 Earnings of 0.87 Per Share - MarketBeat
| HBM Stock | CAD 12.24 0.38 3.01% |
About 62% of HudBay Minerals' investor base is looking to short. The current sentiment regarding investing in HudBay Minerals stock implies that many traders are alarmed. HudBay Minerals' investing sentiment overview a quick insight into current market opportunities from investing in HudBay Minerals. Many technical investors use HudBay Minerals stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
HudBay |
Hudbay Minerals Inc. Expected to Earn FY2024 Earnings of 0.87 Per Share MarketBeat
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HudBay Minerals Fundamental Analysis
We analyze HudBay Minerals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of HudBay Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of HudBay Minerals based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
HudBay Minerals is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
HudBay Minerals Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HudBay Minerals stock to make a market-neutral strategy. Peer analysis of HudBay Minerals could also be used in its relative valuation, which is a method of valuing HudBay Minerals by comparing valuation metrics with similar companies.
Peers
HudBay Minerals Related Equities
| ELD | Eldorado Gold | 0.64 | ||||
| FM | First Quantum | 1.16 | ||||
| IVN | Ivanhoe Mines | 2.04 | ||||
| CS | Capstone Mining | 2.24 | ||||
| LUN | Lundin Mining | 4.27 |
Check out HudBay Minerals Hype Analysis, HudBay Minerals Correlation and HudBay Minerals Performance. To learn how to invest in HudBay Stock, please use our How to Invest in HudBay Minerals guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.