The stock of Hudbay Minerals Inc. (HBM) has seen a 2.74% increase in the past week, with a 19.95% gain in the past month, and a 15.95% flourish in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 2.89% for HBM. The simple moving average for the past 20 days is 1.81% for HBM’s stock, with a 21.81% 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 39.63x compared to its average ratio, The 36-month beta value for HBM is at 1.78. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HBM is 350.14M, and currently, shorts hold a 1.40% of that float. The average trading volume for HBM on October 22, 2024 was 3.68M shares.
HBM) stock’s latest price update
The stock of Hudbay Minerals Inc. (NYSE: HBM) has decreased by -0.95 when compared to last closing price of 9.47. Despite this, the company has experienced a 2.74% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-17 that TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) senior management will host a conference call on Wednesday, November 13, 2024 at 11:00 a.m. ET to discuss the company’s third quarter 2024 results.
Analysts’ Opinion of HBM
BofA Securities gave a rating of “Buy” to HBM, setting the target price at $9 in the report published on April 09th of the current year.
HBM Trading at 13.72% 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 -10.58% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +16.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.02% upper at present.
During the last 5 trading sessions, HBM rose by +2.74%, which changed the moving average for the period of 200-days by +76.32% in comparison to the 20-day moving average, which settled at $9.21. In addition, Hudbay Minerals Inc. saw 69.93% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HBM starting from Del Rio Francisco Javier, who proposed sale 47,568 shares at the price of $9.06 back on Sep 27 ’24. After this action, Del Rio Francisco Javier now owns shares of Hudbay Minerals Inc., valued at $430,841 using the latest closing price.
Stock Fundamentals for HBM
Current profitability levels for the company are sitting at:
- 0.19 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 0.08. Equity return is now at value 3.64, with 1.53 for asset returns.
Based on Hudbay Minerals Inc. (HBM), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 4.77.
Currently, EBITDA for the company is 732.01 million with net debt to EBITDA at 0.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 10.88for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
In conclusion, Hudbay Minerals Inc. (HBM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
