HBM Hudbay Minerals Inc. A Mining Stock to Consider Amidst Commodity Demand - StockNews.com
| HBM Stock | CAD 12.24 0.02 0.16% |
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.
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HBM Hudbay Minerals Inc. A Mining Stock to Consider Amidst Commodity Demand StockNews.com
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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.
Price To Earning
Price To Earning Comparative Analysis
HudBay Minerals is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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
| ERE-UN | European Residential | 6.06 | ||||
| ALA-PA | Altagas Cum | 0.75 | ||||
| XEG | IShares SPTSX | 0.63 | ||||
| XHB | IShares Canadian | 0.10 | ||||
| NVX | NV Gold | 0.00 | ||||
| RUDB | RBC Discount | 0.55 |
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.