Should I buy or sell Hudbay Minerals stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HBM shares. View HBM analyst ratings or view top-rated stocks .

What is Hudbay Minerals' stock price target for 2024?

8 brokerages have issued 1 year price objectives for Hudbay Minerals' shares. Their HBM share price targets range from $8.00 to $10.50. On average, they anticipate the company's stock price to reach $9.75 in the next year. This suggests a possible upside of 23.7% from the stock's current price. View analysts price targets for HBM or view top-rated stocks among Wall Street analysts .

How have HBM shares performed in 2024?

Hudbay Minerals' stock was trading at $5.52 at the beginning of 2024. Since then, HBM stock has increased by 42.8% and is now trading at $7.88. View the best growth stocks for 2024 here .

Are investors shorting Hudbay Minerals?

Hudbay Minerals saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,710,000 shares, a decline of 10.9% from the March 15th total of 8,650,000 shares. Based on an average daily trading volume, of 2,170,000 shares, the short-interest ratio is currently 3.6 days. View Hudbay Minerals' Short Interest .

When is Hudbay Minerals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our HBM earnings forecast .

How were Hudbay Minerals' earnings last quarter?

Hudbay Minerals Inc. (NYSE:HBM) released its earnings results on Friday, February, 23rd. The mining company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. The mining company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $552.74 million. Hudbay Minerals had a net margin of 3.95% and a trailing twelve-month return on equity of 3.86%. The firm's revenue for the quarter was up 87.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS.

How often does Hudbay Minerals pay dividends? What is the dividend yield for Hudbay Minerals?

Hudbay Minerals declared a semi-annual dividend on Monday, February 26th. Investors of record on Tuesday, March 5th will be given a dividend of $0.0074 per share on Friday, March 22nd. This represents a yield of 0.3%. The ex-dividend date is Monday, March 4th. Read our dividend analysis for HBM .

Is Hudbay Minerals a good dividend stock?

Hudbay Minerals (NYSE:HBM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.20%. The dividend payout ratio is 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBM will have a dividend payout ratio of 1.43% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for HBM .

What ETFs hold Hudbay Minerals' stock?

ETFs with the largest weight of Hudbay Minerals (NYSE:HBM) stock in their portfolio include Sprott Junior Copper Miners ETF (COPJ) , Global X Copper Miners ETF (COPX) and iShares Copper and Metals Mining ETF (ICOP) . Sprott Energy Transition Materials ETF (SETM) .

What is David Garofalo's approval rating as Hudbay Minerals' CEO?

14 employees have rated Hudbay Minerals Chief Executive Officer David Garofalo on Glassdoor.com . David Garofalo has an approval rating of 37% among the company's employees. This puts David Garofalo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Hudbay Minerals own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hudbay Minerals investors own include Cellectar Biosciences (CLRB) , Zynga (ZNGA) , Quantum (QTM) , Baytex Energy (BTE) , Sherritt International (S) , (CXRX) (CXRX) , Bombardier (BDRBF) , Bombardier, Inc. Class B (BBD.B) and Bonavista Energy Co. (BNP.TO) (BNP) .

Who are Hudbay Minerals' major shareholders?

Hudbay Minerals' stock is owned by many different institutional and retail investors. Top institutional investors include Galibier Capital Management Ltd. (0.51%), Counterpoint Mutual Funds LLC (0.01%), Ballentine Partners LLC (0.00%), Banque Cantonale Vaudoise (0.00%) and Register Financial Advisors LLC (0.00%).

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 .

NYSE:HBM

Hudbay Minerals (HBM) Stock Price, News & Analysis

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Free HBM Stock Alerts

$7.88

+0.27 (+3.55%)

(As of 04/18/2024 ET)

Compare

Today's Range: $7.57
▼
$7.89
50-Day Range: $5.09
▼
$7.98
52-Week Range: $3.94
▼
$8.11

Volume: 3.93 million shs
Average Volume: 2.22 million shs
Market Capitalization: $2.77 billion

P/E Ratio: 39.40
Dividend Yield: 0.13%
Price Target: $9.75

Get Hudbay Minerals alerts:

Hudbay Minerals MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 23.7% Upside
$9.75 Price Target
Short Interest: Healthy
2.20% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.83
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 59.09%
From $0.44 to $0.70 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Basic Materials Sector

9th out of 174 stocks

Metal Mining Industry

1st out of 20 stocks

2.5

Analyst's Opinion

Consensus Rating
Hudbay Minerals has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Hudbay Minerals has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.20% 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 3.6, 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 10.87%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Hudbay Minerals has a dividend yield of 0.20%, 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 5.00%. 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 1.43% next year. This indicates that Hudbay Minerals will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for HBM.

3.8

News and Social Media Coverage

News Sentiment
Hudbay Minerals has a news sentiment score of 0.83. 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 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Hudbay Minerals this week, compared to 2 articles on an average week.
Search Interest
17 people have searched for HBM on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.
MarketBeat Follows
7 people have added Hudbay Minerals to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

0.8

Company Ownership

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.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Hudbay Minerals are expected to grow by 59.09% in the coming year, from $0.44 to $0.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hudbay Minerals is 39.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hudbay Minerals is 39.40, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 133.53.
Price to Earnings Growth Ratio
Hudbay Minerals has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Hudbay Minerals has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Hudbay Minerals Stock (NYSE:HBM)

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.

HBM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HBM Stock News Headlines

April 17, 2024 | americanbankingnews.com

Analysts Set Hudbay Minerals Inc. (NYSE:HBM) PT at $9.75

April 15, 2024 | investorplace.com

The Next Commodity Supercycle? 3 Top Copper Stocks to Buy Now

April 18, 2024 | Insiders Exposed (Ad)

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April 15, 2024 | americanbankingnews.com

Hudbay Minerals Inc. (NYSE:HBM) Sees Significant Decline in Short Interest

April 11, 2024 | americanbankingnews.com

Hudbay Minerals (NYSE:HBM) Hits New 12-Month High at $8.03

April 10, 2024 | americanbankingnews.com

Hudbay Minerals (NYSE:HBM) Upgraded to Buy by Bank of America

April 9, 2024 | investorplace.com

Copper Crisis Alert: Is a Supply Crisis Coming as Copper Prices Hit Record Highs?

April 2, 2024 | investorplace.com

7 Under-$10 Dividend Stocks Put on Your Radar in April

April 18, 2024 | Insiders Exposed (Ad)

This consistently signaled gains of 453%... 610%... and even 1036%...

March 28, 2024 | globenewswire.com

Hudbay Provides Annual Reserve and Resource Update and Production Outlook

March 21, 2024 | edition.cnn.com

Hudbay Minerals Inc

March 13, 2024 | marketwatch.com

Hudbay Minerals Signs Deal With Marubeni to Advance Canada Exploration

March 13, 2024 | msn.com

Marubeni to invest in Hudbay’s exploration activities

March 13, 2024 | ca.finance.yahoo.com

Stocks in play: Hudbay Minerals Inc.

March 13, 2024 | globenewswire.com

Hudbay and Marubeni Sign Flin Flon Option Agreement to Advance Exploration Partnership

February 27, 2024 | msn.com

Hudbay Minerals (NYSE:HBM): Upside Potential Unearthed

February 25, 2024 | ca.investing.com

Earnings call: Hudbay Minerals reports record performance in Q4

February 24, 2024 | wsj.com

Hudbay Minerals Inc.

February 23, 2024 | seekingalpha.com

Hudbay Minerals Inc. 2023 Q4 - Results - Earnings Call Presentation

February 23, 2024 | globenewswire.com

Hudbay Delivers Record Fourth Quarter and Full Year 2023 Results and Provides Annual Guidance

February 22, 2024 | msn.com

Hudbay Minerals Q4 2023 Earnings Preview

February 22, 2024 | finance.yahoo.com

Newmont Corporation (NEM) Q4 Earnings Miss Estimates

February 19, 2024 | msn.com

Energy Transition Metals At Stake: Potential US Mining Law Update Pits Industry Against Environmentalists

February 19, 2024 | msn.com

Stay Ahead of the Game With HudBay Minerals (HBM) Q4 Earnings: Wall Street's Insights on Key Metrics

February 16, 2024 | ca.finance.yahoo.com

Markets to Enjoy Shortened Holiday Week

February 2, 2024 | finance.yahoo.com

Hudbay to Host Conference Call for Fourth Quarter 2023 Results

January 12, 2024 | markets.businessinsider.com

RBC Capital Sticks to Their Buy Rating for Hudbay Minerals (HBM)

See More Headlines

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Company Calendar

Last Earnings: 2/23/2024
Ex-Dividend for 3/22 Dividend: 3/04/2024
Dividend Payable: 3/22/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Basic Materials
Industry: Metal mining
Sub-Industry: N/A
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: $9.75
High Stock Price Target: $10.50
Low Stock Price Target: $8.00
Potential Upside/Downside: +25.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.20
Trailing P/E Ratio: 38.80
Forward P/E Ratio: 17.64
P/E Growth: 0.75
Net Income: $66.37 million
Net Margins: 3.95%
Pretax Margin: 8.98%
Return on Equity: 3.86%
Return on Assets: 1.54%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 1.25
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $1.69 billion
Price / Sales: 1.61
Cash Flow: $1.14 per share
Price / Cash Flow: 6.80
Book Value: $6.29 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 351,000,000
Free Float: 350,121,000
Market Cap: $2.72 billion
Optionable: Optionable
Beta: 1.95

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Key Executives

Mr. Peter Gerald Jan Kukielski Bsc (Age 68)
Msc, President, CEO & Director
Comp: $1.61M
Mr. Chi-Yen Lei
Chief Financial Officer
Mr. Andre Taylor Lauzon
Chief Operating Officer
Mr. Patrick James Donnelly
Senior Vice President of Legal & Organizational Effectiveness
Mr. Javier Del Rio
Senior Vice President of South America & USA
Mr. Olivier Tavchandjian P.Geo.
Senior Vice President of Exploration & Technical Services
Ms. Candace Brule
Vice President of Investor Relations
Mr. Mark Gupta
Vice President of Corporate Development
Mr. Jon Alexander Douglas (Age 62)
VP & Treasurer
Mr. Mark Haber
Executive Director of Legal & Corporate Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

HBM Stock Analysis - Frequently Asked Questions

Should I buy or sell Hudbay Minerals stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hudbay Minerals in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" HBM shares.
View HBM analyst ratings or view top-rated stocks.
What is Hudbay Minerals' stock price target for 2024?: 8 brokerages have issued 1 year price objectives for Hudbay Minerals' shares. Their HBM share price targets range from $8.00 to $10.50. On average, they anticipate the company's stock price to reach $9.75 in the next year. This suggests a possible upside of 23.7% from the stock's current price.
View analysts price targets for HBM or view top-rated stocks among Wall Street analysts.
How have HBM shares performed in 2024?: Hudbay Minerals' stock was trading at $5.52 at the beginning of 2024. Since then, HBM stock has increased by 42.8% and is now trading at $7.88.
View the best growth stocks for 2024 here.
Are investors shorting Hudbay Minerals?: Hudbay Minerals saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,710,000 shares, a decline of 10.9% from the March 15th total of 8,650,000 shares. Based on an average daily trading volume, of 2,170,000 shares, the short-interest ratio is currently 3.6 days.
View Hudbay Minerals' Short Interest.
When is Hudbay Minerals' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our HBM earnings forecast.
How were Hudbay Minerals' earnings last quarter?: Hudbay Minerals Inc. (NYSE:HBM) released its earnings results on Friday, February, 23rd. The mining company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. The mining company had revenue of $602.20 million for the quarter, compared to the consensus estimate of $552.74 million. Hudbay Minerals had a net margin of 3.95% and a trailing twelve-month return on equity of 3.86%. The firm's revenue for the quarter was up 87.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS.
How often does Hudbay Minerals pay dividends? What is the dividend yield for Hudbay Minerals?: Hudbay Minerals declared a semi-annual dividend on Monday, February 26th. Investors of record on Tuesday, March 5th will be given a dividend of $0.0074 per share on Friday, March 22nd. This represents a yield of 0.3%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for HBM.

Is Hudbay Minerals a good dividend stock?: Hudbay Minerals (NYSE:HBM) pays an annual dividend of $0.01 per share and currently has a dividend yield of 0.20%. The dividend payout ratio is 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HBM will have a dividend payout ratio of 1.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HBM.
What ETFs hold Hudbay Minerals' stock?: ETFs with the largest weight of Hudbay Minerals (NYSE:HBM) stock in their portfolio include Sprott Junior Copper Miners ETF (COPJ), Global X Copper Miners ETF (COPX) and iShares Copper and Metals Mining ETF (ICOP).Sprott Energy Transition Materials ETF (SETM).
What is David Garofalo's approval rating as Hudbay Minerals' CEO?: 14 employees have rated Hudbay Minerals Chief Executive Officer David Garofalo on Glassdoor.com. David Garofalo has an approval rating of 37% among the company's employees. This puts David Garofalo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Hudbay Minerals own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Hudbay Minerals investors own include Cellectar Biosciences (CLRB), Zynga (ZNGA), Quantum (QTM), Baytex Energy (BTE), Sherritt International (S), (CXRX) (CXRX), Bombardier (BDRBF), Bombardier, Inc. Class B (BBD.B) and Bonavista Energy Co. (BNP.TO) (BNP).
Who are Hudbay Minerals' major shareholders?: Hudbay Minerals' stock is owned by many different institutional and retail investors. Top institutional investors include Galibier Capital Management Ltd. (0.51%), Counterpoint Mutual Funds LLC (0.01%), Ballentine Partners LLC (0.00%), Banque Cantonale Vaudoise (0.00%) and Register Financial Advisors LLC (0.00%).
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.

This page (NYSE:HBM) was last updated on 4/18/2024 by MarketBeat.com Staff

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