In a filing, Hudbay Minerals Inc revealed its Officer Carter Robert A acquired Company’s shares for reported $74770.0 on Dec 10 ’24. In the deal valued at $9.33 per share,8,014 shares were bought.
Then, Del Rio Francisco Javier bought 47,568 shares, generating $430,841 in total proceeds.
Jefferies upgraded its Hudbay Minerals Inc [HBM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early May with a ‘”a Hold”‘ rating. BofA Securities also remained covering HBM and has increased its forecast on April 09, 2024 with a “Buy” recommendation from previously “Neutral” rating.
Price Performance Review of HBM
On Monday, Hudbay Minerals Inc [NYSE:HBM] saw its stock fall -4.19% to $8.23. Over the last five days, the stock has lost -4.19%. Hudbay Minerals Inc shares have risen nearly 1.60% since the year began. Nevertheless, the stocks have risen 46.44% over the past one year. While a 52-week high of $10.49 was reached on 01/10/25, a 52-week low of $4.94 was recorded on 01/27/25. SMA at 50 days reached $8.66, while 200 days put it at $8.61.
Levels Of Support And Resistance For HBM Stock
The 24-hour chart illustrates a support level at 8.08, which if violated will result in even more drops to 7.94. On the upside, there is a resistance level at 8.39. A further resistance level may holdings at 8.55. The Relative Strength Index (RSI) on the 14-day chart is 42.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.70%. Stochastics %K at 31.24% indicates the stock is a holding.
How much short interest is there in Hudbay Minerals Inc?
A steep rise in short interest was recorded in Hudbay Minerals Inc stocks on 2024-10-31, dropping by -0.3 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.91 million shares. There was a decline of -6.4%, which implies that there is a negative sentiment for the stock.
