HudBay Minerals (HBM) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to break-even earnings per share a year ago.
HudBay Minerals (HBM) closed at $9.38 in the latest trading session, marking a +2.07% move from the prior day.
HudBay Minerals (HBM) reached $9.17 at the closing of the latest trading day, reflecting a -7% change compared to its last close.
In the closing of the recent trading day, HudBay Minerals (HBM) stood at $9.98, denoting a +1.84% move from the preceding trading day.
Micron's run-up got interrupted by the Edgewater Research report, putting a big fat warning about memory growth next year. While there is merit to the report, particularly the NAND weakness highlighted, the concerns about HBM are overblown by current visibility. DRAM, particularly HBM, has more moat to support upside, more so as ASIC-related HBM kicks in, estimated to surge +80% next year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The latest trading day saw HudBay Minerals (HBM) settling at $10.12, representing a -2.13% change from its previous close.
HudBay Minerals (HBM) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of HudBay Minerals (HBM) and Wheaton Precious Metals Corp. (WPM). But which of these two stocks offers value investors a better bang for their buck right now?
AI adoption is accelerating, driving explosive demand for data centers, GPUs, and especially high-bandwidth memory (HBM) solutions. Micron is well-positioned to benefit from this trend, with its advanced HBM3E and newly shipped HBM4 products offering superior performance and efficiency. Major AI players like Nvidia and Google are adopting HBM, despite higher costs, signaling strong, price-inelastic demand for Micron's high-performance memory.
Micron's HBM revenue surged nearly 50% sequentially, with data center DRAM now comprising the majority of total DRAM sales. Gross margins climbed into the high-30% range, supported by tight inventory discipline that reduced days-on-hand while bit shipments rose double digits. Forward P/E remains under 16x despite EPS projected to grow 50% from ~$7.80 in FY25 to ~$12 in FY26.
Does HudBay Minerals (HBM) have what it takes to be a top stock pick for momentum investors? Let's find out.