Hudbay Minerals Inc. (HBM): Keep paying attention to its insider activity

Hudbay Minerals Inc. (NYSE:HBM) saw an upside of 0.60% to close Tuesday at $6.74 after adding $0.04 on the day. The 5-day average trading volume is 1,189,160 shares of the company’s common stock. It has gained $6.95 in the past week. An average of 1,727,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,453,992.

HBM’s 1-month performance is 8.89% or $0.50 on its low of $5.22 reached on 09/21/21. The company’s shares have touched a 52-week low of $4.27 and high of $9.60, with the stock’s rally to the 52-week high happening on 05/10/21. YTD, HBM has lost -3.71% or -$0.26. However, the current price is down -29.79%% from the 52-week high price.

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Valuation Metrics

Hudbay Minerals Inc. (HBM) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.51 for the sector. The company’s PE ratio for the last five years has touched a high of 63.75 and a low of 5.014. HBM stock has a beta of 1.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.26 while the price-to-book (PB) in the most recent quarter is 0.85.

Hudbay Minerals Inc. pays an annual dividend of $0.02 per share. Its dividend yield is 0.30%. HBM’s most recent quarterly dividend payment was made on Sep. 24, when it paid $0.0079 a share compared with prior rate of $0.0079, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0004 reported on Monday February 22 2021. Measured over the last 3 years, the Dividend has been growing by -2.60% yearly.

It is projected that Hudbay Minerals Inc.’s next ex-dividend date will be on 10-Mar. HBM is expected to distribute $0.01 as its next dividend.

Hudbay Minerals Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.50 meaning that HBM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.73, while the total debt to equity was 0.75. In terms of profitability, the gross margin trailing 12 months is 15.40%. The trailing 12-month EBITDA margin is 30.01% while for the period ending June 29; Hudbay Minerals Inc.’s operating margin was 9.20%. The firm’s gross profit as reported stood at $39.0 million against revenue of $1.09 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Hudbay Minerals Inc.’s cash and short-term investments amounted to $7.29 million against total debt of $1.25 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected HBM to announce $0.11 per share in earnings in its latest quarter, but it posted $0.02, representing a -81.80% surprise. EBITDA for the quarter stood at more than $141.21 million. HBM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.93 billion, with total debt at $1.25 billion

Technical Picture

Let’s look briefly at Hudbay Minerals Inc. (HBM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 69.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.73%.

The stock’s 5-day moving average is $6.49, reflecting a +8.19% or $0.51 change from its current price. HBM is currently trading +9.42% above its 20-day SMA, -11.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.30% and -0.30% respectively.

Stochastic %K and %D was 88.84% and 87.59% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 63.14%, while the 14-day stochastic is at 84.78% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at 0.29 and 0.44 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Hudbay Minerals Inc. (NYSE: HBM), National Bank Financial upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for HBM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HBM as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.

What is HBM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.74 and a high of $13.41, with their median price target at $9.89. Looking at these predictions, the average price target given by analysts is for Hudbay Minerals Inc. (HBM) stock is $10.11.


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