How to Buy Hudbay Minerals Stock
Hudbay Minerals Inc
Hudbay Minerals is a copper company located in Ontario, Canada, which is part of the Basic Materials sector, and is traded under the ticker HBM on the NYSE exchange.
Hudbay Minerals stock last closed at $8.63, up 6.28% from the previous day, and has increased 74.34% in one year. It has overperformed other stocks in the Copper industry by 0.35 percentage points. Hudbay Minerals stock is currently +119.04% from its 52-week low of $3.94, and -0.23% from its 52-week high of $8.65.
At the moment, there are 350.73M HBM shares outstanding. The market cap of HBM is $3.03B. In the past 24 hours, 5.24M HBM shares were traded.
How to Buy Hudbay Minerals Stock
Wondering how to invest in Hudbay Minerals stock? Here's how.
- Decide where to buy Hudbay Minerals stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Hudbay Minerals stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Research Hudbay Minerals stock: The Hudbay Minerals ticker symbol is HBM. Is Hudbay Minerals stock a good investment? Should you buy shares of HBM? How do HBM's underlying business fundamentals look? Do top analysts think Hudbay Minerals is a good buy? Why has HBM's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if HBM is a good stock to buy).
- Make your HBM purchase: Decide if you will purchase HBM shares at the current market price or use a limit order to purchase HBM stock at a given price.
- Get the latest news on your HBM investment: Create a watchlist to get the latest news on your position in Hudbay Minerals shares.
Step 1: Decide where to buy Hudbay Minerals stock
You need an online brokerage account to access the NYSE market and buy HBM stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you can invest in HBM today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
- Submit your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've filled out your info on the best free stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details transferring funds into your new investment account.
Step 4: Research Hudbay Minerals stock
Once you have figured out the best place to buy Hudbay Minerals stock, it's critical to research their stock before you buy, so you actually wrap your head around the risk and opportunity.
Hudbay Minerals stock at a glance
HBM Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on HBM's stock page.
Is HBM stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge HBM's true value.
Using relative valuations measures:
- HBM could be overvalued based on its P/E ratio of 39.23x, relative to Copper industry P/E ratio of 37.5x
- HBM could be undervalued based on its P/B ratio of 1.44x, relative to Copper industry P/B ratio of 6.1x
You can do more valuation research on HBM's stock here.
How do HBM Financials look?
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the HBM balance sheet.
- HBM's operating cash flow of $476.85M allows it to safely service it's debt of $1.47B.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the HBM balance sheet.
- HBM profit margin has gone down from 4.8% to 3.9% in the past year.
- HBM has a relatively high debt to equity ratio of 1.53.
- Total HBM debt is higher than 5 years ago, relative to shareholder equity.
- HBM earnings of $224.86M is not enough to cover its interest payments.
Is Hudbay Minerals stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Wall Street analysts who research HBM, the consensus analyst rating on HBM is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Hudbay Minerals stock forecast page.
HBM Technical Indicators
HBM Performance Numbers
Last year, HBM earnings were $66.37M. During the past 5 year, HBM's earnings have grown by -7.79% per year. This was slower than the Copper industry average of 2.65%.
Last year, HBM revenue was $1.69B. In the last five year, HBM's revenue has gone up by 2.8% per year. This was slower than the Copper industry average of 5.55%.
You can analyze HBM's earnings and revenue performance here.
What are HBM executives and large shareholders up to?
In the past year, executives and large shareholders at HBM have not bought or sold any shares.
Research more about who owns HBM shares here.
Does HBM stock generate passive income?
Hudbay Minerals pays a dividend of 0.2%, compared to the Copper industry's average dividend yield of 1.55%. If you owned $1,000 of HBM stock, you would have received $2.01 last year.
Hudbay Minerals dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Hudbay Minerals dividend yield and history here.
HBM Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your HBM purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific price, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you need more info about buying stocks on eToro, click the how to video below:
Step 6: Get the latest news on your HBM investment
Now that you own some HBM stock, you'll want to keep up with your new investment.
Add HBM to a watchlist to get the latest updates about your HBM stock.
HBM Feed
How to Buy Stock in Hudbay Minerals
To summarize, here are the 6 steps to buy stock in Hudbay Minerals:
- Decide where to buy Hudbay Minerals stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Hudbay Minerals stock
- Make your HBM purchase
- Get the latest news on your HBM investment
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Hudbay Minerals, create your watchlist below.
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