HudBay Minerals is an integrated mining company primarily producing copper concentrate containing copper, gold and silver, molybdenum concentrate and zinc metal. With assets in North and South America, Co. is focused on the discovery, production and marketing of base and precious metals. Co.'s material mineral projects include its Constancia mine, which is an open pit copper mine in Peru; its Lalor mine, which is an underground gold, zinc and copper mine near Snow Lake, Manitoba; its Rosemont project, which is a copper development project in Pima County, AZ; and its 777 mine, which is an underground copper, zinc, gold and silver mine in Flin Flon, Manitoba. We show 11 historical shares outstanding datapoints in our HBM shares outstanding history coverage, used to compute HBM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HBM market cap history over the course of time is important for investors
interested in comparing HBM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HBM versus a peer is one thing; comparing
HBM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HBM can fluctuate over the course of history.
With this page we aim to empower investors researching HBM by allowing them to research the HBM market cap history. |
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Video: The Importance of Market Cap
