As of Friday close, Hudbay Minerals Inc.’s (NYSE:HBM) stock was down -$0.01, moving down -0.21 percent to $4.69. The average number of shares traded per day over the past five days has been 2,132,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 2,043,125, while in the previous 50 days, it was 2,557,430.
Since last month, HBM stock retreated -3.70%. Shares of the company fell to $4.63 on 09/08/23, the lowest level in the past month. A 52-week high of $6.34 was reached on 01/18/23 after having rallying from a 52-week low of $3.62. Since the beginning of this year, HBM’s stock price has dropped by -7.50% or -$0.38, and marked a new high 7 times. However, the stock has declined by -26.03% since its 52-week high.
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Valuation Metrics
The stock’s beta is 2.03. Besides these, the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 0.47, and the price-to-cash flow ratio of 12.66 may also be considered.
The latest dividend of $0.0080 per share was paid out, remained unchanged from last year’s $0.0080. On Wednesday February 23 2022, a $0.0001 dividend increase was announced.
Financial Health
In the three months ended June 29, Hudbay Minerals Inc.’s quick ratio stood at 0.50, while its current ratio was 0.90, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.65, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 15.00% percent. In the year ended June 29, EBITDA margin amounted to 46.40%, whereas operating margins totaled 7.50%. Based on annual data, HBM earned $276.89 million in gross profit and brought in $1.46 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.70%. Return on equity (ROE) for the past 12 months was -2.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HBM’s revenue fell -18.99% during the quarter, while net income inched up to $1.24 billion. While analysts expected Hudbay Minerals Inc. to report $0.05 quarterly earnings, the actual figure was -$0.07 per share. During the quarter, the company generated $70.58 million in EBITDA. The liabilities of Hudbay Minerals Inc. were 3.13 billion at the end of its most recent quarter ended June 29, and its total debt was $1.47 billion.
Technical Picture
This quick technical analysis looks at Hudbay Minerals Inc.’s (HBM) price momentum. With a historical volatility rate of 33.91%, the RSI 9-day stood at 37.04% on 22 September.
With respect to its five-day moving average, the current Hudbay Minerals Inc. price is down by -6.20% percent or -$0.31. At present, HBM shares trade -0.64% below its 20-day simple moving average and -8.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.47% below its SMA50 and -15.65% below its SMA200.
Stochastic coefficient K was 21.01% and Stochastic coefficient D was 32.65%, while ATR was 0.16. Given the Stochastic reading of 13.04% for the 14-day period, the RSI (14) reading has been calculated as 40.04%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at -0.08.
Analyst Ratings
Barclays upgraded its rating on Hudbay Minerals Inc. (NYSE: HBM) to an Overweight in a note to investors on July 07, 2023. The analysts firm previously had an Equal weight rating on the stock.Hudbay Minerals Inc. (HBM) has been rated Buy by analysts. According to 0 brokerage firms, HBM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Hudbay Minerals Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $7.40, the current consensus forecast for the stock is $5.94 – $8.43. Based on these forecasts, analysts predict Hudbay Minerals Inc. (HBM) will achieve an average price target of $7.35.
