Buy now: the broader trend is still bullish (stacked moving averages) and sentiment is strongly risk-on (very low put/call ratios + hedge funds buying).
Near-term dip looks more like consolidation than a trend break: price is just under the pivot (25.836) with clear support below.
Wall Street view is net-positive with multiple Buys and rising targets, despite one recent downgrade.
Key near-term catalyst: QDEC 2025 earnings on 2026-02-18 (pre-market), which can re-rate the stock quickly if copper/gold-driven cash flow holds.
Momentum: MACD histogram is negative (-0.0795) and expanding lower, signaling short-term momentum is weakening (near-term pullback/consolidation risk).
RSI: RSI_6 at 55.18 is neutral—no overbought condition, leaving room for another push higher if buyers step in.
Levels: Pivot 25.836 (current ~25.77 is slightly below—minor weakness). Resistance at 27.901 then 29.176. Support at 23.771 then 22.496.
Pattern-based forecast (similar candlesticks): slight edge to flat/down next day/week, but positive bias next month (+2.86%), aligning with a buy-for-the-next-few-weeks setup.
Activity: Today’s option volume is elevated vs 30-day average (23.87x), suggesting traders are actively positioning now.
Volatility: IV 30D is high (72.28) and IV percentile is very high (94.82) → market is pricing a large move (often seen into catalysts like earnings).
Technical Summary
Sell
3
Buy
8
Positive Catalysts
Hedge funds are buying aggressively (buying amount +314.23% last quarter), which often supports follow-through demand.
Upcoming earnings catalyst: QDEC 2025 earnings on 2026-02-18 pre-market (EPS est. 0.41).
Options market positioning is strongly bullish (call-skew + volume surge).
Analyst coverage/targets skew positive overall (multiple Buys/Outperforms and several target increases).
Neutral/Negative Catalysts
Short-term momentum has weakened (MACD histogram negative and falling), so the stock may chop before resuming the uptrend.
Price is slightly below the pivot (25.836), implying near-term resistance overhead until reclaimed.
Latest reported quarter showed revenue and gross margin pressure (top-line down, margin down), which can reappear if realized metal prices/grades/costs move against them.
News feed provided appears unrelated to Hudbay (UiPath content), so there’s no clear incremental positive headline catalyst in the supplied news summary.
Financial Performance
Latest quarter provided: 2025/Q3.
Revenue: $346.8M, down -28.61% YoY (top-line contraction).
Profitability: Net income $222.4M, up +346.93% YoY; EPS $0.56, up +330.77% YoY (strong bottom-line expansion despite lower revenue).
Margins: Gross margin 18.83%, down -34.57% YoY (cost/price mix pressure—something to watch into the next report).
Next key read-through will be QDEC 2025 earnings on 2026-02-18 (pre-market).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: Mostly positive initiations/resumptions and target raises through Jan 2026, but with one notable downgrade.
Key changes:
2026-01-28 National Bank downgraded to Sector Perform from Outperform (PT C$40).
2026-01-26 Scotiabank reiterated Outperform and raised PT to C$37 (from C$31).
2026-01-22 TD resumed with Buy, raised PT to C$43 (from C$17).
2026-01-08 UBS initiated Buy, PT C$34.5.
2025-12-15 Citi initiated Buy, PT $23.
Wall Street pros: visible confidence in longer-term copper growth path and improving outlook reflected in higher targets.
Wall Street cons: at least one firm turning more cautious (downgrade) signals valuation/expectation risk after a strong run.
Wall Street analysts forecast HBM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBM is 20.63 USD with a low forecast of 17.24 USD and a high forecast of 24.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast HBM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HBM is 20.63 USD with a low forecast of 17.24 USD and a high forecast of 24.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 23.500
Low
17.24
Averages
20.63
High
24.79
Current: 23.500
Low
17.24
Averages
20.63
High
24.79
National Bank
Outperform -> Sector Perform
downgrade
$40
AI Analysis
2026-01-28
Reason
National Bank
Price Target
$40
AI Analysis
2026-01-28
downgrade
Outperform -> Sector Perform
Reason
National Bank downgraded Hudbay Minerals to Sector Perform from Outperform with a C$40 price target.
Scotiabank
Orest Wowkodaw
maintain
$31 -> $37
2026-01-26
Reason
Scotiabank
Orest Wowkodaw
Price Target
$31 -> $37
2026-01-26
maintain
Reason
Scotiabank analyst Orest Wowkodaw raised the firm's price target on Hudbay Minerals to C$37 from C$31 and keeps an Outperform rating on the shares.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for HBM
