Hudbay Minerals (HBM) Stock Price, News & Analysis

Company Overview

Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré. The company's flagship project is the 100% owned Constancia mine located in the Province of Chumbivilcas in southern Peru. Hudbay Minerals Inc. was founded in 1927 and is based in Toronto, Canada.

Key Stats

• Today's Range: $9.02 to $9.22
• 50-Day Range: $7.20 to $9.72
• 52-Week Range: $4.34 to $10.49
• Volume: 1.51 million shs
• Average Volume: 3.15 million shs
• Market Capitalization: $3.55 billion
• P/E Ratio: 39.24
• Dividend Yield: 0.11%
• Price Target: $11.17
• Consensus Rating: Buy

Hudbay Minerals Stock Analysis - MarketRank™

Hudbay Minerals scored higher than 83% of companies evaluated by MarketBeat, and ranked 52nd out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Buy

Consensus Rating

Hudbay Minerals has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hudbay Minerals has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 97.96%

Earnings Growth

Earnings for Hudbay Minerals are expected to grow by 97.96% in the coming year, from $0.49 to $0.97 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hudbay Minerals is 39.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hudbay Minerals is 39.24, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 119.64.

Price to Book Value per Share Ratio

Hudbay Minerals has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.17% of the outstanding shares of Hudbay Minerals have been sold short.

Short Interest Ratio / Days to Cover

Hudbay Minerals has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hudbay Minerals has recently decreased by 16.18%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Hudbay Minerals has a dividend yield of 0.17%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Hudbay Minerals does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hudbay Minerals is 4.35%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Hudbay Minerals will have a dividend payout ratio of 1.03% next year. This indicates that Hudbay Minerals will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.17% of the outstanding shares of Hudbay Minerals have been sold short.

Short Interest Ratio / Days to Cover

Hudbay Minerals has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hudbay Minerals has recently decreased by 16.18%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.98

News Sentiment

Hudbay Minerals has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 29 news articles for Hudbay Minerals this week, compared to 5 articles on an average week.

Search Interest

9 people have searched for HBM on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Hudbay Minerals to their MarketBeat watchlist in the last 30 days. This is a decrease of -91% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hudbay Minerals insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.25% of the stock of Hudbay Minerals is held by insiders.

Percentage Held by Institutions

57.82% of the stock of Hudbay Minerals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HBM Stock Analysis - Frequently Asked Questions

How have HBM shares performed this year?

Hudbay Minerals' stock was trading at $5.52 at the beginning of the year. Since then, HBM stock has increased by 63.5% and is now trading at $9.0250.
View the best growth stocks for 2024 here.

How were Hudbay Minerals' earnings last quarter?

Hudbay Minerals Inc. (NYSE:HBM) issued its quarterly earnings data on Wednesday, November, 13th. The mining company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.04 by $0.09. The firm's revenue for the quarter was up 1.1% on a year-over-year basis.

Who are Hudbay Minerals' major shareholders?

Top institutional investors of Hudbay Minerals include Mountaineer Partners Management LLC (2.62%), Connor Clark & Lunn Investment Management Ltd. (1.97%), Bank of Montreal Can (1.95%) and EdgePoint Investment Group Inc. (1.34%).

How do I buy shares of Hudbay Minerals?

Shares of HBM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hudbay Minerals own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hudbay Minerals investors own include Cellectar Biosciences (CLRB), Zynga (ZNGA), NVIDIA (NVDA), Invesco QQQ (QQQ), Baytex Energy (BTE), Cenovus Energy (CVE) and Quantum (QTM).

Company Calendar

• Ex-Dividend for 9/20 Dividend: 9/03/2024
• Dividend Payable: 9/20/2024
• Last Earnings: 11/13/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Metal mining
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:HBM
• CUSIP: N/A
• CIK: 1322422
• Web: www.hudbayminerals.com
• Phone: (416) 362-8181
• Fax: 416-362-7844
• Employees: 2,708
• Year Founded: 2012

Price Target and Rating

• Average Stock Price Target: $11.17
• High Stock Price Target: $14.00
• Low Stock Price Target: $9.00
• Potential Upside/Downside: +23.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.23
• Trailing P/E Ratio: 39.24
• Forward P/E Ratio: 18.42
• P/E Growth: N/A
• Net Income: $66.37 million
• Net Margins: 4.23%
• Pretax Margin: 11.23%
• Return on Equity: 7.44%
• Return on Assets: 3.34%

Debt

• Debt-to-Equity Ratio: 0.44
• Current Ratio: 1.86
• Quick Ratio: 1.47

Sales & Book Value

• Annual Sales: $1.69 billion
• Price / Sales: 2.10
• Cash Flow: $1.18 per share
• Price / Cash Flow: 7.65
• Book Value: $6.29 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 393,660,000
• Free Float: 392,679,000
• Market Cap: $3.55 billion
• Optionable: Optionable
• Beta: 1.78