Hudbay Minerals Inc. (NYSE:HBM) finished Wednesday with a subtraction of -$0.08 to close at $5.50, a downside of -1.43 percent. An average of 2,754,460 shares of common stock have been traded in the last five days. There was a fall of -$0.20 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 3,036,490 shares traded, while the 50-day average volume stands at 2,493,512.
HBM stock has increased by 11.11% in the last month. The company shares reached their 1-month lowest point of $4.85 on 07/10/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $3.62 and a high of $6.34 in 52 weeks. It has reached a new high 7 times so far this year and achieved 8.48% or $0.43 in price. In spite of this, the price is down -13.25% 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 90.16. The stock’s beta is 2.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.56, the price-to-book (PB) ratio at 0.69, and the price-to-cash flow ratio at 8.48.
The company has a payout ratio of 24.70%. The company’s most recent quarterly dividend payment was $0.0080 a share, without any change from last year. Its latest increase dividend $0.0001 reported on Wednesday February 23 2022.
Financial Health
The quick ratio of Hudbay Minerals Inc. for the three months ended June 29 was 0.80, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.78 and a total debt to equity ratio of 0.81 for the quarter ending June 29. Hudbay Minerals Inc.’s EBITDA margin for the year ending June 29 is 46.40%, while its operating margin for the same period stands at 10.20%. Its gross profit as reported stood at $276.89 million compared to revenue of $1.46 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hudbay Minerals Inc.’s return on assets was 0.30%.
Earnings Surprise
For the three-month period that ended June 29, Hudbay Minerals Inc. had $7.29 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$343.81 million in the quarter, while revenues were grew 124.85%. The analyst consensus anticipated Hudbay Minerals Inc.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be -$0.07, a -240.00% surprise. For the quarter, EBITDA amounted to $104.3 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hudbay Minerals Inc. (HBM) price momentum. RSI 9-day as of the close on 09 August was 47.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.57%.
As of today, HBM’s price is $5.58 -3.51% or -$0.20 from its 5-day moving average. HBM is currently trading +4.96% higher than its 20-day SMA and +23.87% higher than its 100-day SMA. However, the stock’s current price level is +24.43% above the SMA50 and +51.10% above the SMA200.
The stochastic %K and %D were 42.55% and 47.33%, respectively, and the average true range (ATR) was 0.22. With the 14-day stochastic at 33.99% and the average true range at 0.21, the RSI (14) stands at 53.37%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.06.
Analyst Ratings
Barclays upgraded Hudbay Minerals Inc. (NYSE: HBM) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight. The consensus rating for Hudbay Minerals Inc. (HBM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HBM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 11 others rate it as a “buy”.
What is HBM’s price target for the next 12 months?
Analysts predict a range of price targets between $6.13 and $8.74, with a median target of $7.50. Taking a look at these predictions, the average price target given by analysts for Hudbay Minerals Inc. (HBM) stock is $7.56.
