Views On Hudbay Minerals Inc. (HBM) From A Technical Perspective

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KOSK
KOSK

The stock of Hudbay Minerals Inc. (NYSE:HBM) increased by $0.05 on Wednesday to $5.55, up 0.82 percent. The last five days have seen an average of 1,009,774 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.70. The average number of shares traded over the last 20 days was 2,022,913, while the average volume over the last 50 days totaled 1,604,569.

HBM stock appreciated 46.67% since last month. On 10/25/22, the company’s shares reached a one-month low of $3.69. The stock touched a high of $8.75 on 03/10/22, after rallying from a low of $3.08 in 52 weeks. The price of HBM stock has declined by -24.14% or -$1.70 this year, reaching a new high 8 times. Still, the stock price is down -36.63% from the 52-week high.


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Valuation Metrics

Hudbay Minerals Inc. (HBM) has a trailing price-to-earnings (P/E) ratio of 13.99. Beta for the stock is 1.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 0.69, and the price-to-cash flow ratio of 8.72.

Company paid $0.0080 per share in dividends, remained unchanged from $0.0080 last year. A $0.0001 dividend increase was reported on Wednesday February 23 2022.

Financial Health

For the three months ended September 29, Hudbay Minerals Inc.’s quick ratio was 0.90, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 0.78, and the total debt to equity ratio is 0.80. As far as profitability goes, gross margin for the trailing twelve months is 21.40% percent. Hudbay Minerals Inc.’s operating margin stood at 14.70% for the same period. Based on annual data, it had gross profit of $131.02 million and revenue of $1.5 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HBM’s return on assets (ROA) during the last 12 months has been 1.70%. There was a -0.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.00%.

Earnings Surprise

According to Hudbay Minerals Inc.’s quarterly financial report for the quarter that ended September 29, it had $7.29 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.24 billion, while revenues fell by -18.99% to $0.0. It was predicted that Hudbay Minerals Inc.’s quarterly earnings would be -$0.05, but it ended up being -$0.06, beating the consensus by 16.70%. EBITDA was $95.14 million for the quarter. At the end of Hudbay Minerals Inc.’s most recent quarter ended September 29, its liabilities totaled 2.72 billion, while its total debt was $1.25 billion.

Technical Picture

Here’s a quick look at Hudbay Minerals Inc.’s (HBM) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 68.01%, suggesting the stock is Neutral, with a 34.66% historical volatility rate.

The stochastic %K and %D were 81.29% and 78.30% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 82.59%, the RSI (14) reading is 65.46%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at 0.15.

Analyst Ratings

Hudbay Minerals Inc. (NYSE: HBM) was downgraded by Barclays to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Hudbay Minerals Inc. (HBM) an Overweight rating. HBM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.

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

The current consensus forecast for the stock is between $4.37 and $8.96, with a median target price of $6.70. In analyzing these forecasts, the average price target given by analysts for Hudbay Minerals Inc. (HBM) is $6.54.

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