The stock of Hudbay Minerals Inc. (HBM) has gone up by 0.71% for the week, with a 13.52% rise in the past month and a 58.21% rise in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are 3.86% for HBM. The simple moving average for the past 20 days is 5.73% for HBM’s stock, with a 53.14% simple moving average for the past 200 days.
Is It Worth Investing in Hudbay Minerals Inc. (NYSE: HBM) Right Now?
Hudbay Minerals Inc. (NYSE: HBM) has a higher price-to-earnings ratio of 46.09x compared to its average ratio. HBM has 36-month beta value of 1.82. Analysts have mixed views 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 350.23M, and currently, short sellers hold a 1.24% ratio of that float. The average trading volume of HBM on May 08, 2024 was 2.63M shares.
HBM) stock’s latest price update
The stock of Hudbay Minerals Inc. (NYSE: HBM) has decreased by -0.59 when compared to last closing price of 8.53. Despite this, the company has experienced a 0.71% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-23 that TORONTO, April 23, 2024 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) senior management will host a conference call on Tuesday, May 14, 2024 at 11:00 a.m. ET to discuss the company’s first quarter 2024 results.
Analysts’ Opinion of HBM
BofA Securities, on the other hand, stated in their research note that they expect to see HBM reach a price target of $9. The rating they have provided for HBM stocks is “Buy” according to the report published on April 09th, 2024.
HBM Trading at 18.00% 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 -4.13% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +6.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.79% upper at present.
During the last 5 trading sessions, HBM rose by +0.71%, which changed the moving average for the period of 200-days by +59.70% in comparison to the 20-day moving average, which settled at $8.05. In addition, Hudbay Minerals Inc. saw 53.62% 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 2.42. 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 put it simply, Hudbay Minerals Inc. (HBM) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
