The price-to-earnings ratio for Hudbay Minerals Inc. (NYSE: HBM) is 40.49x, which is above its average ratio. Moreover, the 36-month beta value for HBM is 1.93. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HBM is 350.11M and currently, short sellers hold a 2.20% of that float. On April 16, 2024, HBM’s average trading volume was 2.28M shares.
HBM) stock’s latest price update
The stock of Hudbay Minerals Inc. (NYSE: HBM) has decreased by -2.61 when compared to last closing price of 7.65. Despite this, the company has experienced a -6.64% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-15 that Copper prices now sit at their highest level in about two years, which has catapulted copper stocks to higher highs. All thanks to supply issues.
HBM’s Market Performance
Hudbay Minerals Inc. (HBM) has experienced a -6.64% fall in stock performance for the past week, with a 7.50% rise in the past month, and a 38.22% rise in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are at 3.37% for HBM. The simple moving average for the last 20 days is 3.22% for HBM stock, with a simple moving average of 40.37% for the last 200 days.
Analysts’ Opinion of HBM
Many brokerage firms have already submitted their reports for HBM stocks, with BofA Securities repeating the rating for HBM by listing it as a “Buy.” The predicted price for HBM in the upcoming period, according to BofA Securities is $9 based on the research report published on April 09, 2024 of the current year 2024.
HBM Trading at 17.20% from the 50-Day Moving Average
After a stumble in the market that brought HBM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.14% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares surge +7.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.23% upper at present.
During the last 5 trading sessions, HBM fell by -6.64%, which changed the moving average for the period of 200-days by +60.56% in comparison to the 20-day moving average, which settled at $7.24. In addition, Hudbay Minerals Inc. saw 34.96% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HBM
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.22 for the gross margin
The net margin for Hudbay Minerals Inc. stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 3.62, with 1.38 for asset returns.
Based on Hudbay Minerals Inc. (HBM), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 3.64.
Currently, EBITDA for the company is 732.01 million with net debt to EBITDA at 1.68. When we switch over and look at the enterprise to sales, we see a ratio of 2.21. The receivables turnover for the company is 8.27for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To wrap up, the performance of Hudbay Minerals Inc. (HBM) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
