HUDBAY MINERALS INC.

HBM
Delayed Quote. Delayed  - 06/14 04:17:10 pm
8.46CAD -3.09%

Hudbay Minerals Inc. : The underlying trend is in force again

06/10/2021 | 03:16am
Tommy Douziech
Junior Analyst

Strategy published on : 06/10/2021 | 03:16

long trade
Live

Entry price : 8.53CAD
Target : 9.45CAD
Stop-loss : 7.65CAD
Potential : 10.79%

The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend.
Investors have an opportunity to buy the stock and target the CAD 9.45.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

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● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● For several months, analysts have been revising their EPS estimates roughly upwards.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

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● The group usually releases upbeat results with huge surprise rates.


Weaknesses

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

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