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HBMHudbay Minerals Inc.Sell6.5·$23.85+2.36%
SellModerate Confidence
Investment thesis

A copper miner with wide economic moat characteristics, 28% operating margins, and 27% year-over-year growth trades at an attractive valuation but with the stock within 1.7% of its analyst price target and a reward-to-risk ratio of roughly 0.2-to-1, the favorable fundamental picture is offset by an unfavorable near-term setup and an inconsistent recent earnings delivery pattern.

Thesis pillars

  • Exceptional 27pct Revenue GrowthStable
  • Price Exhaustion Near TargetStable
  • Wide Moat Quality FranchiseStable
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Hudbay Minerals Inc. (HBM) Stock Analysis

SellModerate Confidence

Basic Materials · Copper

Sell if holding. Momentum 2.4/10 is below the 5.0 floor at $23.85 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Negative momentum; Consecutive earnings misses (2).

Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver. It... Read more

$23.85+23.4% A.UpsideScore 6.5/10#2 of 6 Copper
QualityF-score8 / 9FCF yield5.23%
IncomeYield0.12%(5y avg 0.22%)Payout0.87%sustainable
Stop $22.02Target $29.23(analyst − 13%)A.R:R 1.6:1
Analyst target$33.60+40.9%6 analysts
$29.23our TP
$23.85price
$33.60mean
$42

Sell if holding. Momentum 2.4/10 is below the 5.0 floor at $23.85 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Negative momentum; Consecutive earnings misses (2). Chart setup: No clear chart pattern; technical signals are mixed. Score 6.5/10, moderate confidence.

Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 31d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-06-29
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Fri, Jul 31, 202631d to earnings· next earnings call

Thesis

Rewards
High-quality business
Attractive valuation
Strong growth profile
Risks
Consecutive earnings misses (2)
Negative momentum

Key Metrics

P/E (TTM)14.0
P/E (Fwd)13.1
Mkt Cap$10.4B
EV/EBITDA8.8
Profit Mgn27.7%
ROE19.5%
Rev Growth27.3%
Beta2.21
Dividend0.12%
Rating analysts23

Quality Signals

Piotroski F8/9MoatWideCompounder

Options Flow

P/C0.59bullish
IV76%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

1 floor-breaker·1 ceiling hit

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Obv
1.0
Volume
1.5
Ma Position
4.0
Rsi
5.5
Volume distribution (falling OBV)Above 200-day MA
GatesMomentum 2.4<4.5A.R:R 1.6 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 31d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
41 · Neutral
20D MA 50D MA 200D MAGOLDEN CROSSSupport $22.52Resistance $32.14

Price Targets

$22
$29
A.Upside+22.6%
A.R:R1.6:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! NEWS_MOD=-1: HOLD_IF_HOLDING → SELL_IF_HOLDING
! momentum at 2.4 (below the engine's 4.5 threshold)

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-07-31 (31d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is HBM stock a buy right now?

Sell if holding. Momentum 2.4/10 is below the 5.0 floor at $23.85 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Negative momentum; Consecutive earnings misses (2). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $22.02. Score 6.5/10, moderate confidence.

What is the HBM stock price target?

Take-profit target: $29.23 (+23.4% upside). Prior stop was $22.02. Stop-loss: $22.02.

What are the risks of investing in HBM?

Consecutive earnings misses (2); Negative momentum.

Is HBM overvalued or undervalued?

Hudbay Minerals Inc. trades at a P/E of 14.0 (forward 13.1). TrendMatrix value score: 8.2/10. Verdict: Sell.

What do analysts say about HBM?

23 analysts cover HBM with a consensus score of 4.2/5. Average price target: $34.

What does Hudbay Minerals Inc. do?Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and...

Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver. It owns 100% interest in Copper Mountain mine located approximately 20 kilometers south of Princeton, British Columbia, in the Similkameen valley. Hudbay Minerals Inc. was founded in 1927 and is based in Toronto, Canada.

Related stocks: ERO (Ero Copper Corp.) · TGB (Taseko Mines, Ltd.) · FCX (Freeport-McMoRan, Inc.) · IE (Ivanhoe Electric Inc.)
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