Last Updated: 10 Nov 2024
Executive Summary
Hudbay Minerals Inc. (HBM) is a diversified mining company with a focus on the discovery, production, and marketing of base and precious metals in North and South America. The company has a market capitalization of $3.69 billion and trades on the NYSE. HBM's latest stock price is $9.35.
Company Overview
HBM is headquartered in Toronto, Canada, and has operations in Canada, Peru, and the United States. The company's primary products include copper, zinc, gold, and silver. HBM has a strong track record of operational excellence and financial performance.
Fundamental Analysis
HBM's financial performance has been strong in recent years. The company's revenue has grown by an average of 10% per year over the past five years. HBM's EBITDA has also grown by an average of 15% per year over the same period. The company's profit margin is 4.01%, and its return on equity is 3.29%.
HBM's balance sheet is also strong. The company has a debt-to-equity ratio of 0.50, and its current ratio is 1.20. HBM has a strong cash position, with $250 million in cash and equivalents on hand.
Technical Analysis
HBM's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 60, which indicates that the stock is overbought.
Short Term Outlook
HBM's stock price is expected to continue to trade higher in the short term. The stock's technical indicators are positive, and the company's fundamentals are strong. HBM is a well-positioned company with a strong track record of operational excellence and financial performance.
Long Term Outlook
HBM's long-term outlook is also positive. The company is expected to continue to benefit from the growing demand for base and precious metals. HBM is also well-positioned to benefit from the transition to a low-carbon economy. The company's copper and zinc operations are essential for the production of renewable energy technologies.
Analyst Recommendations
The majority of analysts have a buy rating on HBM. The average analyst target price is $12.02.
