Metals & mining

Hudbay Minerals (HBM)

C$36.55 −1.9% on the day·+57.6% in a year·close Oct 13, 2026

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Hold46 / 100

Hold: 46 is between your Sell line (40) and Buy line (60). Trend (+7% vs 200-day) scores 63 and lifts it; Plays in (36%) scores 36 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weight	HBM	Points	Weight	Adds
Plays in	36%	36	40	14.4
Off the high	−17% from its 1-year high	43	30	12.9
Trend	+7% vs 200-day	63	30	18.9

Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for HBM

Factor	HBM	Points	What it is
Plays in	36%	36	The share of the plays you count that hold it now.
Analysts' upside	+23% · 21 analysts	62	How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating	1.4 · strong buy	78	The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E	15.5×	81	Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E	12.6×	72	Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG	2.85	17	P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales	4.6×	39	Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book	2.4×	64	Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield	0.1%	2	Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth	+14%	43	Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth	+18%	58	Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin	27%	78	Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity	17%	62	Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity	0.20×	75	Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high	−17% from its 1-year high	43	How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend	+7% vs 200-day	63	How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum	+58%	81	The price change over the last 12 months. Higher ranks higher.
Low crash exposure	7/10 · very high	30	The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on HBM

36 of the 100 plays hold HBM right now.
The breakout and pattern plays mostly say out.
It closed 7% above its 200-day average and 17% below its 52-week high.
Crash exposure reads very high: it moves about 2.6× its index and fell about 2.4× as far as its index in past crashes.
Analysts' average 12-month target is C$45.04, 23% above the close (21 analysts).

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in36 / 100Every play Be The Puck tests, in 7 families.

Crash exposureVery high7 of 10 on the storm test Mayer Multiple1.07×Price ÷ its 200-day average (+7%). Higher than on 53% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about HBM now.

Trend followingHoly GrailOUT42% of 12,813 calls rightOn HBM: right 19 of 34 · Out since Mar 5, 2026 Breakouts & channelsP&F Double TopOUT37% of 36,314 calls rightOn HBM: right 93 of 237 · Out since Oct 8, 2026 Momentum12-1 MomentumIN44% of 8,156 calls rightOn HBM: right 13 of 26 · In since Jul 31, 2025 Mean reversionBollinger ReversionOUT64% of 53,095 calls rightOn HBM: right 125 of 186 · Out since Jul 21, 2026 Volume & money flowMoney Flow IndexOUT59% of 13,925 calls rightOn HBM: right 25 of 40 · Out since Sep 23, 2026 Candles & chart patternsEngulfing SwitchOUT50% of 38,976 calls rightOn HBM: right 54 of 104 · Out since Aug 28, 2026 CalendarHalloween IndicatorOUT54% of 12,345 calls rightOn HBM: right 22 of 43 · Out since Apr 30, 2026

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

HBM, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved HBM lately

No session in the last 30 moved it twice a normal day against the S&P/TSX; these were its largest, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Tue Sep 22+3.6% against the S&P/TSX1.0× a normal day

HBM +4.5%, the S&P/TSX +0.9% that session; +3.4% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on HBM was found for this session. Be The Puck's headline archive for HBM starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved +0.9%. The 50 other Metals & mining stocks Be The Puck covers moved +4.5% on average: much of the move was shared with its group.

Thu Sep 10−6.3% against the S&P/TSX1.7× a normal day

HBM −7.4%, the S&P/TSX −1.1% that session; −10.2% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on HBM was found for this session. Be The Puck's headline archive for HBM starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved −1.1%. The 50 other Metals & mining stocks Be The Puck covers moved −4.2% on average: much of the move was shared with its group.

Tue Sep 8+6.4% against the S&P/TSX1.7× a normal day

HBM +5.4%, the S&P/TSX −1.1% that session; −3.9% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on HBM was found for this session. Be The Puck's headline archive for HBM starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved −1.1%. The 50 other Metals & mining stocks Be The Puck covers moved +0.2% on average, so most of the move was its own.

Next earnings report

Thu Oct 29, 2026 before the open

From Yahoo Finance's calendar; dates can move. Analysts expect earnings per share of 0.38.

Over its last 12 reports, HBM's typical move against the S&P/TSX at the first close after the report was ±2.5% (median size, either way); it finished ahead of the index 8 times.
HBM after beats of 5% or more: ahead of its index at the first close after the report 14 of 17 times (median +2.9%).
HBM after misses of any size: behind its index at the first close after the report 16 of 24 times (median −3.2%).
Across all covered stocks, beats of 5% or more were followed by a gain against the index 64% of the time and misses by a drop 62% of the time.

Whether a report beats is only known once it is out, so these say how the stock has reacted, not which way it will go.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on HBM

All 100 plays, by family.

Trend following12 of 30 in Breakouts & channels0 of 15 in Momentum9 of 17 in Mean reversion8 of 15 in Volume & money flow3 of 9 in Candles & chart patterns0 of 3 in Calendar4 of 11 in

Calls right: how often the play's calls on HBM went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

Play	Call	Since	Next move	Calls right	Annual return	Worst drawdown
Trend following
PB EMABitcoin Playboy · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$37.56 (+2.8%)	28% 176/624	+12.3% / +13.0%	−63.9% / −92.6%
Bull Market Support BandBenjamin Cowen · weekly	IN	Aug 7, 2026 −4.9%	Exit below C$36.00 (−1.5%)	34% 33/96	+15.6% / +10.8%	−57.2% / −92.6%
Ripster EMA CloudRipster · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$37.48 (+2.5%)	26% 90/340	+18.2% / +13.7%	−68.9% / −92.6%
Trend TemplateMark Minervini · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$38.08 (+4.2%)	18% 29/165	+4.4% / +8.2%	−66.9% / −92.6%
Stage AnalysisStan Weinstein · weekly	IN	Aug 7, 2026 −4.9%	Exit below C$35.12 (−3.9%)	27% 17/64	+10.3% / +11.7%	−67.9% / −92.6%
Stage 2 + Mansfield RSStan Weinstein · weekly	IN	Aug 7, 2026 −4.9%	Exit below C$35.12 (−3.9%)	24% 22/90	+9.1% / +8.8%	−68.0% / −92.6%
10-Month SMAMeb Faber · month-end	IN	May 30, 2025 +199.3%	Exit below C$34.96 (−4.4%)	36% 13/36	+15.5% / +11.3%	−74.0% / −92.6%
200-Day RulePaul Tudor Jones · daily	IN	Jul 21, 2026 +12.8%	Exit below C$34.31 (−6.1%)	13% 21/156	+12.3% / +11.1%	−69.9% / −92.6%
Golden CrossMarket tradition · daily	IN	Jun 26, 2025 +151.1%	Not on one close	50% 15/30	+15.2% / +11.1%	−66.8% / −92.6%
Granville 200-DayJoseph E. Granville · daily	IN	Jul 21, 2026 +12.8%	Exit below C$34.31 (−6.1%)	19% 17/88	+9.2% / +9.5%	−71.9% / −92.6%
Hull Moving AverageAlan Hull · weekly	OUT	Oct 2, 2026 −5.8%	Enter above C$41.63 (+13.9%)	40% 53/134	+7.9% / +13.7%	−78.6% / −92.6%
Kaufman Adaptive MAPerry J. Kaufman · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$37.70 (+3.2%)	27% 205/756	+15.2% / +12.8%	−71.1% / −92.6%
TEMA CrossoverPatrick G. Mulloy · daily	OUT	Sep 10, 2026 −0.8%	Enter above C$43.67 (+19.5%)	33% 87/262	+0.1% / +12.7%	−90.4% / −92.6%
Seykota 15/150Ed Seykota · daily	IN	May 21, 2025 +211.8%	Not on one close	27% 12/44	+0.7% / +5.3%	−86.7% / −92.6%
Guppy Multiple MAsDaryl Guppy · daily	OUT	Oct 13, 2026 0.0%	Enter above C$38.87 (+6.4%)	32% 36/111	+14.2% / +13.1%	−68.4% / −92.6%
Ichimoku CloudGoichi Hosoda · daily	IN	Aug 7, 2026 −4.9%	Exit below C$35.17 (−3.8%)	34% 32/95	+17.3% / +13.3%	−68.4% / −92.6%
SupertrendOlivier Seban · daily	OUT	Sep 14, 2026 +2.7%	Enter above C$40.94 (+12.0%)	37% 67/181	+6.7% / +11.8%	−77.0% / −92.6%
Williams AlligatorBill Williams · daily	IN	Oct 6, 2026 −4.8%	Flips at next check	37% 113/304	+6.6% / +11.8%	−66.3% / −92.6%
Vortex IndicatorEtienne Botes & Douglas Siepman · daily	OUT	Oct 13, 2026 0.0%	Enter above C$37.84 (+3.5%)	36% 207/581	+5.3% / +11.5%	−85.2% / −92.6%
AroonTushar S. Chande · daily	OUT	Sep 14, 2026 +2.7%	Enter above C$40.96 (+12.1%)	37% 80/219	+6.5% / +12.6%	−77.4% / −92.6%
Parabolic SARJ. Welles Wilder Jr. · daily	OUT	Oct 8, 2026 +1.3%	Enter above C$39.82 (+8.9%)	42% 185/445	+22.5% / +11.1%	−59.4% / −92.6%
ADX TrendJ. Welles Wilder Jr. · daily	OUT	Sep 1, 2026 −2.6%	Not on one close	31% 50/160	+2.9% / +12.2%	−71.5% / −92.6%
MACD Zero LineGerald Appel · daily	OUT	Oct 8, 2026 +1.3%	Enter above C$39.08 (+6.9%)	31% 57/186	+15.9% / +13.7%	−56.2% / −92.6%
Zweig 4% ModelMartin Zweig · weekly	IN	Oct 2, 2026 −5.8%	Exit below C$37.23 (+1.9%)	35% 121/341	+10.9% / +11.8%	−85.7% / −92.6%
MAMA/FAMA CrossJohn F. Ehlers · daily	OUT	Oct 13, 2026 0.0%	Enter above C$39.60 (+8.3%)	33% 80/244	+13.3% / +13.7%	−78.6% / −92.6%
Schaff Trend CycleDoug Schaff · daily	OUT	Oct 8, 2026 +1.3%	Not on one close	35% 86/248	+6.3% / +12.7%	−82.9% / −92.6%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · daily	OUT	Oct 8, 2026 +1.3%	Enter above C$38.63 (+5.7%)	33% 57/174	+18.5% / +13.7%	−58.3% / −92.6%
DP Trend ModelCarl Swenlin & Erin Swenlin · daily	IN	Aug 10, 2026 −6.0%	Exit below C$31.32 (−14.3%)	33% 29/87	+19.7% / +13.7%	−52.8% / −92.6%
Elder Triple ScreenAlexander Elder · daily	OUT	Sep 4, 2026 −3.6%	Not on one close	35% 75/212	+8.1% / +12.4%	−62.1% / −92.6%
Holy GrailLinda Bradford Raschke & Larry Connors · daily	OUT	Mar 5, 2026 +16.2%	Not on one close	56% 19/34	+0.9% / +13.7%	−26.3% / −92.6%
Breakouts & channels
Four-Week RuleRichard Donchian · daily	OUT	Sep 14, 2026 +2.7%	Enter above C$40.09 (+9.7%)	38% 46/122	+8.1% / +11.8%	−76.8% / −92.6%
Turtle System 1Richard Dennis & William Eckhardt · daily	OUT	Sep 1, 2026 −2.6%	Enter above C$40.09 (+9.7%)	32% 43/134	+5.8% / +13.0%	−60.7% / −92.6%
Turtle System 2Richard Dennis & William Eckhardt · daily	OUT	Sep 1, 2026 −2.6%	Enter above C$42.59 (+16.5%)	34% 31/90	+10.3% / +13.0%	−56.1% / −92.6%
Clenow TrendAndreas F. Clenow · daily	OUT	Sep 11, 2026 −0.5%	Enter above C$42.54 (+16.4%)	31% 31/100	+3.5% / +13.7%	−64.0% / −92.6%
Darvas BoxNicolas Darvas · daily	OUT	Sep 10, 2026 −0.8%	Not on one close	38% 45/118	+3.9% / +11.8%	−82.0% / −92.6%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · daily	OUT	Sep 1, 2026 −2.6%	Enter above C$41.96 (+14.8%)	33% 54/166	+2.7% / +12.8%	−75.4% / −92.6%
Bollinger BreakoutJohn Bollinger · daily	OUT	Sep 1, 2026 −2.6%	Enter above C$39.76 (+8.8%)	35% 73/206	+6.0% / +11.5%	−53.7% / −92.6%
Chandelier ExitChuck LeBeau · daily	OUT	Sep 10, 2026 −0.8%	Enter above C$39.08 (+6.9%)	35% 71/204	+2.1% / +12.2%	−83.2% / −92.6%
Wilder Volatility SystemJ. Welles Wilder Jr. · daily	OUT	Sep 10, 2026 −0.8%	Enter above C$39.83 (+9.0%)	36% 71/199	+6.1% / +11.8%	−82.7% / −92.6%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · daily	OUT	Oct 8, 2026 +1.3%	Enter above C$39.78 (+8.8%)	39% 93/237	+8.7% / +11.7%	−78.5% / −92.6%
Chande Kroll StopTushar S. Chande & Stanley Kroll · daily	OUT	Sep 10, 2026 −0.8%	Enter above C$39.15 (+7.1%)	23% 91/396	+2.3% / +12.1%	−82.3% / −92.6%
Acceleration BandsPrice Headley · daily	OUT	Aug 28, 2026 −10.3%	Not on one close	27% 52/196	+5.2% / +11.8%	−37.5% / −92.6%
TTM SqueezeJohn F. Carter · daily	OUT	Aug 14, 2026 −1.2%	Enter above C$42.11 (+15.2%)	39% 38/98	+2.8% / +12.8%	−50.0% / −92.6%
NR7 BreakoutToby Crabel · daily	OUT	Oct 8, 2026 +1.3%	Enter above C$37.30 (+2.1%)	33% 232/696	+10.8% / +11.1%	−78.7% / −92.6%
Bollinger SqueezeJohn Bollinger · daily	OUT	Jul 16, 2025 +164.3%	Enter above C$39.76 (+8.8%)	35% 14/40	+1.4% / +12.7%	−39.6% / −92.6%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-end	IN	Jun 30, 2025 +153.3%	Exit below C$23.29 (−36.3%)	50% 14/28	+11.4% / +8.4%	−63.4% / −92.6%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-end	IN	Jul 31, 2025 +184.6%	Not on one close	50% 13/26	+9.2% / +8.4%	−72.7% / −92.6%
Dual MomentumGary Antonacci · month-end	IN	Aug 29, 2025 +122.1%	Exit below C$25.90 (−29.1%)	50% 16/32	+11.1% / +8.4%	−58.9% / −92.6%
Stocks on the MoveAndreas F. Clenow · daily	IN	Oct 9, 2026 −1.9%	Exit below C$36.38 (−0.5%)	21% 31/151	+6.7% / +13.7%	−64.3% / −92.6%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-end	OUT	Jun 30, 2026 +9.2%	Enter above C$41.84 (+14.5%)	39% 12/31	+3.3% / +8.2%	−71.4% / −92.6%
Levy Relative StrengthRobert A. Levy · weekly	IN	Aug 7, 2026 −4.9%	Exit below C$37.11 (+1.5%)	31% 33/107	+14.4% / +13.0%	−74.3% / −92.6%
MACD Signal CrossGerald Appel · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$39.43 (+7.9%)	33% 138/415	+9.7% / +13.7%	−80.7% / −92.6%
Elder ImpulseAlexander Elder · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$37.44 (+2.4%)	33% 230/700	+16.6% / +13.7%	−66.4% / −92.6%
Know Sure ThingMartin J. Pring · daily	OUT	Sep 3, 2026 −4.3%	Enter above C$38.96 (+6.6%)	38% 117/310	−0.4% / +13.0%	−88.9% / −92.6%
Coppock CurveEdwin S. C. Coppock · month-end	IN	Mar 31, 2023 +418.7%	Not on one close	19% 4/21	+1.4% / +3.0%	−91.9% / −92.6%
CCI +100Donald R. Lambert · daily	OUT	Aug 28, 2026 −10.3%	Enter above C$39.73 (+8.7%)	30% 165/546	+11.2% / +11.8%	−45.4% / −92.6%
TRIX Signal CrossJack K. Hutson · daily	OUT	Sep 4, 2026 −3.6%	Enter above C$45.86 (+25.5%)	33% 93/278	−0.8% / +13.7%	−91.4% / −92.6%
TSI Zero LineWilliam Blau · daily	OUT	Oct 8, 2026 +1.3%	Enter above C$39.12 (+7.0%)	31% 57/182	+16.0% / +13.7%	−54.7% / −92.6%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-end	IN	Apr 30, 2026 +16.4%	Exit below C$34.58 (−5.4%)	38% 27/72	+17.5% / +8.4%	−58.5% / −92.6%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-end	IN	Jul 31, 2025 +184.6%	Not on one close	44% 11/25	+3.3% / +4.0%	−72.7% / −89.5%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · daily	IN	Jul 31, 2025 +184.6%	Not on one close	54% 15/28	+7.0% / +8.4%	−70.1% / −92.6%
PMO Signal CrossCarl Swenlin · daily	OUT	Sep 2, 2026 −3.2%	Enter above C$41.52 (+13.6%)	33% 104/316	+9.2% / +12.7%	−77.6% / −92.6%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · daily	OUT	Jun 3, 2026 −13.3%	Not on one close	53% 19/36	−1.5% / +11.9%	−94.8% / −92.6%
RSI(2) PullbackLarry Connors & Cesar Alvarez · daily	IN	Oct 8, 2026 +1.3%	Sell above C$36.69 (+0.4%)	60% 163/271	+4.7% / +11.1%	−29.2% / −92.6%
Double 7sLarry Connors & Cesar Alvarez · daily	IN	Oct 7, 2026 −0.9%	Sell above C$38.93 (+6.5%)	59% 176/297	+2.4% / +11.1%	−58.5% / −92.6%
Bollinger ReversionJohn Bollinger · daily	OUT	Jul 21, 2026 +12.8%	Buy below C$35.40 (−3.2%)	67% 125/186	+4.9% / +11.5%	−75.7% / −92.6%
Stochastic 20/80George C. Lane · daily	IN	Sep 16, 2026 +3.6%	Not on one close	63% 107/169	+4.4% / +11.5%	−92.9% / −92.6%
Williams %RLarry Williams · daily	IN	Oct 9, 2026 −1.9%	Not on one close	66% 186/283	+9.2% / +11.5%	−83.2% / −92.6%
DeMark 9-CountTom DeMark · daily	OUT	Apr 7, 2026 +20.3%	Not on one close	68% 54/80	+14.4% / +11.7%	−79.3% / −92.6%
Mayer MultipleTrace Mayer · daily	IN	May 15, 2006 +174.4%	Sell above C$82.92 (+126.9%)	88% 7/8	+11.6% / +11.1%	−92.6% / −92.6%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · daily	OUT	Jun 11, 2026 −1.5%	Not on one close	68% 27/40	+4.3% / +12.7%	−18.4% / −92.6%
Laguerre RSIJohn F. Ehlers · daily	OUT	Oct 1, 2026 −1.9%	Enter above C$37.79 (+3.4%)	50% 162/326	+8.9% / +12.8%	−92.1% / −92.6%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · daily	IN	Oct 9, 2026 −1.9%	Not on one close	58% 233/404	+2.3% / +12.8%	−89.9% / −92.6%
IBS ReversionAlexander S. Pagonidis · daily	OUT	Oct 1, 2026 −1.9%	Buy below C$36.55 (0.0%)	55% 1018/1836	+4.1% / +12.3%	−63.6% / −92.6%
Connors %bLarry Connors & Cesar Alvarez · daily	IN	Sep 14, 2026 +2.7%	Sell above C$38.79 (+6.1%)	68% 58/85	+6.8% / +11.1%	−73.3% / −92.6%
Fisher TransformJohn F. Ehlers · daily	OUT	Oct 7, 2026 −0.9%	Enter above C$38.37 (+5.0%)	39% 407/1052	+11.6% / +13.7%	−71.0% / −92.6%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-end	IN	Sep 30, 2026 −3.9%	Sell above C$38.81 (+6.2%)	62% 80/130	+4.7% / +12.1%	−90.9% / −92.6%
Volume & money flow
On-Balance VolumeJoseph E. Granville · daily	OUT	Oct 13, 2026 0.0%	Enter above C$36.55 (+0.0%)	26% 194/757	+3.1% / +11.5%	−76.0% / −92.6%
Chaikin Money FlowMarc Chaikin · daily	IN	Sep 18, 2026 −3.0%	Not on one close	45% 86/190	+20.4% / +11.8%	−61.0% / −92.6%
Money Flow IndexGene Quong & Avrum Soudack · daily	OUT	Sep 23, 2026 −3.3%	Not on one close	62% 25/40	+3.1% / +11.9%	−85.9% / −92.6%
Negative Volume IndexNorman Fosback & Paul Dysart · daily	OUT	Aug 31, 2026 −7.8%	Not on one close	36% 30/83	+7.2% / +8.5%	−47.0% / −92.6%
Force IndexAlexander Elder · daily	OUT	Oct 13, 2026 0.0%	Enter above C$36.81 (+0.7%)	33% 214/656	+15.0% / +12.3%	−71.8% / −92.6%
Buff AveragesBuff Dormeier · daily	OUT	Oct 13, 2026 0.0%	Enter above C$41.75 (+14.2%)	33% 118/360	+7.8% / +11.5%	−82.4% / −92.6%
Chaikin OscillatorMarc Chaikin · daily	IN	Sep 18, 2026 −3.0%	Exit below C$36.55 (0.0%)	41% 233/563	+11.7% / +11.8%	−72.8% / −92.6%
Volume Flow IndicatorMarkos Katsanos · daily	IN	May 6, 2025 +245.6%	Not on one close	30% 34/114	+5.1% / +8.3%	−86.5% / −92.6%
Klinger OscillatorStephen J. Klinger · daily	OUT	Oct 1, 2026 −1.9%	Not on one close	36% 317/877	+10.3% / +13.4%	−74.6% / −92.6%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · daily	OUT	Aug 28, 2026 −10.3%	Enter above C$36.79 (+0.7%)	52% 54/104	+6.5% / +11.3%	−72.9% / −92.6%
HikkakeDaniel L. Chesler · daily	OUT	Oct 17, 2025 +59.1%	Not on one close	46% 52/114	+14.5% / +12.0%	−59.0% / −92.6%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · daily	OUT	Mar 19, 2025 +206.3%	Not on one close	69% 29/42	+4.9% / +12.0%	−17.2% / −92.6%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · daily	OUT	Apr 30, 2026 +16.4%	Buys Oct 30	51% 22/43	+16.9% / +12.3%	−69.5% / −92.6%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · daily	OUT	Apr 22, 2026 +8.3%	Enter above C$38.70 (+5.9%)	55% 23/42	+14.0% / +13.7%	−69.3% / −92.6%
Seasonal TimingSy Harding · daily	OUT	Apr 28, 2026 +16.5%	Window opens Oct 16	55% 23/42	+14.8% / +13.7%	−77.4% / −92.6%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · daily	OUT	Jan 5, 2026 +24.9%	Buys Dec 23	67% 28/42	+7.4% / +12.3%	−7.7% / −92.6%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · daily	OUT	Oct 5, 2026 −6.1%	Buys Oct 29	54% 281/520	+16.9% / +12.3%	−32.5% / −92.6%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · daily	IN	Sep 30, 2026 −3.9%	Sells Jun 30	73% 8/11	+4.8% / +12.3%	−39.7% / −92.6%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · daily	OUT	Sep 4, 2026 −3.6%	Buys Nov 24	51% 191/378	+6.7% / +12.3%	−11.3% / −92.6%
January BarometerYale Hirsch & Jeffrey Hirsch · month-end	IN	Dec 30, 2022 +438.4%	Not on one close	28% 5/18	+4.7% / +9.6%	−92.8% / −92.6%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · daily	IN	Oct 13, 2026 0.0%	Sells Oct 16	51% 1143/2259	+13.0% / +12.3%	−83.9% / −92.6%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · daily	OUT	Sep 16, 2026 +3.6%	Buys Oct 27	52% 178/344	+4.7% / +12.3%	−20.4% / −92.6%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · daily	IN	Oct 2, 2026 −5.8%	Sells Oct 16	51% 271/535	+5.4% / +12.3%	−86.4% / −92.6%
Benchmark
Buy & HoldJohn C. Bogle · benchmark	IN	Feb 18, 2005	Always in	–	+12.4%	−92.6%

If the market cracks: the storm test

How the storm test works

ExposureVery high7 of 10 points

Market swings3/3
Past crashes2/2
Debt0/3
Run-up2/2

It moves about 2.6× its index.
It fell about 2.4× as far as its index in past crashes.
It is up 185% in two years, a run-up size that crashed about half the time in history.

Past crashes, peak to low

Financial crisis Oct 2007 to Dec 2008 · back to its old high Oct 2025

HBM−89%

TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Jul 2020

HBM−53%

TSX−37%

2022 bear market Jan 2022 to Jul 2022 · back to its old high Mar 2024

HBM−54%

TSX−14%

Beta2.58Moves about 2.6× as much as the TSX week to week.
Downside capture205%In months the TSX fell, this fell 205% as much on average.
Two-year change+185%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
From 52-week high−17%
Debt to equity0.32×
Net debt / EBITDA0.1×Years of operating cash earnings it would take to pay off its debt.
Interest cover11.2×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Copper · Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It primarily explores for copper concentrates containing copper, gold, zinc, molybdenum concentrates, and silver. It owns 100% interest in Copper Mountain mine located approximately 20 kilometers south of Princeton, British Columbia, in the Similkameen valley. Hudbay Minerals Inc. was founded in 1927 and is based in Toronto, Canada.

Size and valuation
Market cap	C$16.2B	What the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)	$2.5B	Total sales.
P/E ratio	15.5×	Buyers pay C$15 for each C$1 of the last year's profit.
Forward P/E	12.6×	Price against analysts' estimate of next year's profit. Lower than the P/E means profit is expected to grow.
Price to book	2.4×	Price against the company's net assets (its equity) per share.

Profit and growth
Profit margin	27.5%	Keeps 27¢ of each dollar of sales as profit.
Revenue growth	+17.7%	Last quarter's sales against the same quarter a year earlier.
Earnings growth	+14.1%	Same comparison for profit.
Return on equity	16.7%	Yearly profit as a share of shareholders' money in the business.
Free cash flow	$450M	Cash left after running and investing in the business.

Balance sheet
Total equity	$3.2B	What it owns minus what it owes.
Total debt	$1.0B	Loans and bonds it has to pay back, with interest.
Cash	$891M	Cash and short-term investments on hand.
Debt to equity	0.32×	Comfortable.
Interest cover	11.2×	Interest is easily paid from profit.

Wall Street
Average analyst target	C$45.04	23% above the close, from 21 analysts (range C$39.83 to C$52.88).
Consensus rating	Strong buy	Analysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield	0.11%	Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

Reports for Be The Puck Members.

HBM: the briefWhat the plays, the levels and the business say, in plain English. Rebuilt nightly.Members Metals & mining: what the plays sayEvery covered name in the sector, side by side.Members Debt decides who survives a crashThe storm test on every covered stock.Members Is this a bubble?The gauges in October 2026, and what history says about timing.Members

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