Hudbay Minerals Inc. [HBM] stock is trading at $6.39, up 0.63%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HBM shares have gain 6.68% over the last week, with a monthly amount glided 24.32%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, Hudbay Delivers Record Fourth Quarter and Full Year 2023 Results and Provides Annual Guidance. In a post published today on Yahoo Finance, Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today released its fourth quarter and full year 2023 financial results, and announced 2024 annual production and cost guidance. All amounts are in U.S. dollars, unless otherwise noted. All production and cost amounts reflect the Copper Mountain mine on a 100% basis, with Hudbay owning a 75% interest in the mine.
From an analyst’s perspective:
Hudbay Minerals Inc. [NYSE: HBM] stock has seen the most recent analyst activity on July 07, 2023, when Barclays upgraded its rating to a Overweight. On October 17, 2022, downgrade downgraded it’s rating to Equal Weight. Barclays upgraded its rating to a Overweight. National Bank Financial downgraded its rating to a Sector Perform. National Bank Financial upgraded its rating to Outperform for this stock on September 10, 2021. In a note dated April 06, 2021, BofA Securities upgraded an Buy rating on this stock.
Hudbay Minerals Inc. [HBM] stock has fluctuated between $3.94 and $6.52 over the past year. Currently, Wall Street analysts expect the stock to reach $10.34 within the next 12 months. Hudbay Minerals Inc. [NYSE: HBM] shares were valued at $6.39 at the most recent close of the market. An investor can expect a potential return of 61.82% based on the average HBM price forecast.
Analyzing the HBM fundamentals
Hudbay Minerals Inc. [NYSE:HBM] reported sales of 1.68B for the trailing twelve months, which represents a growth of 91.71%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.26 points at the first support level, and at 6.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.49, and for the 2nd resistance point, it is at 6.59.
Hudbay Minerals Inc. [HBM] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.12/share, meaning a difference of $0.08 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.1 per share, a difference of -$0.03 representing a surprise of -30.00%.
Ratios To Look Out For
For context, Hudbay Minerals Inc.’s Current Ratio is 1.25. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 1.07 and price to earnings (TTM) ratio is 34.73.
