HBM · NYSE · STOCK
Hudbay Minerals (HBM) Stock Analysis
$27.43
52W $12.90 – $32.15
62/100
$12.18B
16.2
2.27
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is HBM Bullish or Bearish?
Bullish.
Innellis AI committee rates Hudbay Minerals Inc. (HBM) Buy with a composite score of 62/100
, based on 6 analysts with 83% agreement.
Last updated September 06, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +13.11 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -6.89 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Risk Analyst remains cautious — bollinger bandwidth of 19.2% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.3x is a discount to asset value — Value
- ROE of 18.5% shows genuine earnings power backing the valuation — Value
- EPS growing 132.8% YoY — Growth
- Price structure making higher highs and higher lows — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- VIX regime is low -- calm backdrop supports risk-taking — Macro
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 19.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 06, 2026
Overall Committee Score
62/100
Agreement
83%
Analysts
6
Conviction
Contested
Sector Rank
Top 35%
of 99 Basic Materials peers
Value Analyst
bullish
71
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ Price-to-book of 1.3x is a discount to asset value
Growth Analyst
bullish
62
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 132.8% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 19.2% signals elevated volatility
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
Investment Thesis Evolution
Committee score moved marginally from 61.9 to 61.9.
Comparing 2026-09-05 to 2026-09-06 (1 day apart).
Technical Analysis
RSI (14)
43.6
Neutral
MACD Histogram
-0.358
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Mixed
Support
$19.70
Resistance
$28.71
Bollinger %B
0.35
Inside Bands
Price vs Moving Averages
EMA 9
$28.09
Below
EMA 21
$27.63
Below
EMA 50
$26.30
Above
EMA 200
$22.90
Above
Fundamental Analysis
Valuation
94
Growth
15
Profitability
82
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
16.2×
P/B Ratio
2.29×
PEG Ratio
0.12
Dividend Yield
0.10%
52W High
$32.15
52W Low
$12.90
Quality & Growth
ROE
1762.7%
ROA
915.2%
Gross Margin
3899.6%
Operating Margin
3080.5%
Revenue Growth YoY
—
Debt / Equity
0.19
AI Fundamental Assessment
P/E ratio of 16.2 (inexpensive relative to a 15-40x range); Price-to-book of 2.3x; PEG ratio of 0.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 17.6%; Return on assets of 9.2%; Net margin of 27.1%; Gross margin of 39.0%; Current ratio of 2.24 (healthy short-term liquidity); Debt-to-equity of 0.19; Free cash flow per share is positive (0.62); Most recent quarter missed estimates by 8.3%; EPS growth decelerating (+81.8% -> -30.0% QoQ); Analyst estimates falling over recent quarters
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