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 $8.15, down 2.04% from the previous day, and has increased 18.29% in one year. It has overperformed other stocks in the Copper industry by 0.26 percentage points. Hudbay Minerals stock is currently +27.05% from its 52-week low of $6.42, and -22.31% from its 52-week high of $10.49.
At the moment, there are 394.93M HBM shares outstanding. The market cap of HBM is $3.22B. In the past 24 hours, 7.55M 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.
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- 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.
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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 40.75x, relative to Copper industry P/E ratio of 25.44x
- HBM could be undervalued based on its P/B ratio of 1.26x, relative to Copper industry P/B ratio of 4.68x
- HBM may be undervalued based on its PEG ratio of 0.78x
You can do more valuation research on HBM's stock here.
Is HBM a healthy company?
Positive Health Checks:
- HBM's operating cash flow of $666.20M allows it to safely service it's debt of $1.34B.
- Total HBM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the HBM balance sheet.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the HBM balance sheet.
- HBM earnings of $330.30M is not enough to cover its interest payments.
- HBM has a relatively high debt to equity ratio of 1.15.
- HBM profit margin has gone down from 3.9% to 3.8% in the past year.
You can dive deeper into what analysts are forecasting on the Hudbay Minerals stock forecast page.
HBM Technicals
How is HBM performing as a company?
Last year, HBM earnings were $76.70M. During the last 2 year, HBM's earnings have gone up by -13.93% per year. This was slower than the Copper industry average of 23.35%.
Last year, HBM revenue was $2.02B. Over the last five year, HBM's revenue has gone up by 10.31% per year. This was slower than the Copper industry average of 10.42%.
You can analyze HBM's earnings and revenue performance here.
What are HBM insiders up to?
In the last year, insiders at HBM have not bought or sold any shares.
Learn more about who owns HBM shares here.
Can I rely on HBM as an income stream?
Hudbay Minerals pays a dividend of 0.12%, compared to the Copper industry's average dividend yield of 0.84%. If you owned $1,000 worth of HBM stock, you would have been paid $1.23 in the past year.
Hudbay Minerals dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Hudbay Minerals dividend yield and history here.
What others are saying about HBM
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your HBM purchase
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price, use a limit order.
Click the Open button and your broker will place your order.
If you want more assistance 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 shares, you'll want to stay up-to-date on your investment.
Create a watchlist to get notified of important updates regarding your HBM stock.
HBM Feed
How to Buy Stock in Hudbay Minerals
To reiterate, here are the 6 steps you need to take to buy Hudbay Minerals stock right now:
- 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 need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your investment in Hudbay Minerals, get started below.
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