HBM · NYSE · STOCK
Hudbay Minerals (HBM) Stock Analysis
$26.10
52W $14.34 – $32.15
63/100
$11.60B
15.5
2.31
⚠
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 63/100
, based on 5 analysts with 80% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +12.09 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 — -7.91 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. Value Analyst sees a compelling case — price-to-book of 1.3x is a discount to asset value. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). 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
- News sentiment is positive (+0.33 across 12 articles, 14d) — News
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
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 October 10, 2026
Overall Committee Score
63/100
Agreement
80%
Analysts
5
Conviction
High
Sector Rank
Top 14%
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
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 12 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 65.0 to 62.9.
- Committee agreement fell modestly from 83% to 80%.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Analyst(s) abstained: Risk Analyst.
Analyst-level changes:
- News Analyst: score 74->68 (-5); +1 bullish signal(s).
- Risk Analyst abstained (was bullish at 70).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
44.4
Neutral
MACD Histogram
-0.108
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$19.70
Resistance
$28.71
Bollinger %B
0.37
Inside Bands
Price vs Moving Averages
EMA 9
$26.36
Below
EMA 21
$26.64
Below
EMA 50
$26.49
Below
EMA 200
$23.70
Above
Fundamental Analysis
Valuation
96
Growth
15
Profitability
82
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
15.5×
P/B Ratio
2.18×
PEG Ratio
0.12
Dividend Yield
0.10%
52W High
$32.15
52W Low
$14.34
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 15.5 (inexpensive relative to a 15-40x range); Price-to-book of 2.2x; 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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