Hudbay Minerals Inc. (NYSE:HBM) saw an upside of 1.56% to close Tuesday at $5.85 after adding $0.09 on the day. The 5-day average trading volume is 3,334,340 shares of the company’s common stock. It has gained $6.34 in the past week and touched a new high 1 time within the past 5 days. An average of 3,339,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,529,962.
HBM’s 1-month performance is 11.85% or $0.68 on its low of $5.02 reached on 01/05/23. The company’s shares have touched a 52-week low of $3.08 and high of $8.75, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, HBM has achieved 15.38% or $0.78 and has reached a new high 7 times. However, the current price is down -33.14% from the 52-week high price.
HBM stock has a beta of 2.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.98 while the price-to-book (PB) in the most recent quarter is 0.72, with the price to cash flow ratio at 9.15.
Hudbay Minerals Inc.’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.78, while the total debt to equity was 0.80.. In terms of profitability, the gross margin trailing 12 months is 21.40%. The firm’s gross profit as reported stood at $131.02 million against revenue of $1.5 billion.
For the quarterly period ending September 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 down compared to those figures reported in the previous quarter. Net income grew 124.85% to -$343.81 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected HBM to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.05, representing a 16.70% surprise. EBITDA for the quarter stood at more than $95.14 million. HBM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.72 billion, with total debt at $1.25 billion.
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 24 January was 54.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.66%.
The stock’s 5-day moving average is $5.92, reflecting a -2.82% or -$0.17 change from its current price. HBM is currently trading +16.30% above its 20-day SMA, +31.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +20.12% and SMA200 by-20.08%.
Stochastic %K and %D was 63.64% and 68.35% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 56.26%, while the 14-day stochastic is at 62.88% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at -0.15 and 0.02 on the 14-day charts.
In the most recent analyst report for Hudbay Minerals Inc. (NYSE: HBM), Barclays downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for HBM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HBM as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 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 $5.10 and a high of $8.21, with their median price target at $7.28. Looking at these predictions, the average price target given by analysts is for Hudbay Minerals Inc. (HBM) stock is $6.95.