mid-cap

Business Insights on One Material Stock – HBM

May 02, 2024 | Team Kalkine

Read Time :5 min

Business Insights on One Material Stock – HBM

HBM:TSX

Investment Type

Mid - Cap

Risk Level

Action

Rec. Price (CA$)

Hudbay Minerals Inc.

Company Overview:

Hudbay Minerals Inc (TSX: HBM) is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are in Manitoba, Canada, Arizona, United States, and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals.

As per the previous Report published on “HBM” as on 22^ndApril 2024, Kalkine provided an “Attractive” stance is given on the stock at the stock price of CAD 10.72.

Noted below are the details of support and resistance levels provided in the previous report:

HBM Daily Chart

HBM, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group

Considering the resistance, risk-reward scenario, current trading levels and uncertain macro environment, the stock seems ‘unattractive’ at the closing market price of CAD 11.46 as on 01 May 2024.

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

Hudbay Minerals Inc (TSX: HBM)) is a part of Kalkine’s Earnings Hunter Report

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level as on 22^nd April 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Small-Cap