Hudbay Minerals Inc. (NYSE: HBM) Recovers 152.54% From 52-Week Low, Is HBM Still A High-Risk, High-Reward Play?

Hudbay Minerals Inc. (NYSE:HBM) currently has a daily average trading volume of 2.85M but it saw 3781202 shares traded in last market. With a market cap of 3.49B USD, the company’s current market price of $9.95 came falling about -1.00 while comparing to the previous closing price of $10.05. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.10 and as low as $3.94.

Taking a look at 20-day trading activity of Hudbay Minerals Inc. (HBM) gives us an average price of $8.48, while its current price level is -1.49% below from 52-week high level whereas it is 152.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.63 while that of 200 days or SMA-200 reads an average of $5.66. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.83% during that period while stretching the period over a month that decreases to 3.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 79.93 which implies that the stock is in overbought territory.

BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on April 09, 2024 while assigning a price target of $9.

Over the week, HBM’s stock price is moving 17.89% up while it is 31.44% when we observe its performance for the past one month. Year-to-date it is 80.25% up and over the past year, the stock is showing an upside performance of 103.48%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.07 beaten by the consensus estimate of 0.05 for the same. In next quarter, company is expected to be making quarterly sales of $517.25M as analysts are expecting the sales for current fiscal year at $1.98B and seeing the company making $2.09B in sales next year. Moreover, analysts are in estimates of $416.2M for current-quarter revenue.

Currently, Hudbay Minerals Inc.’s total number of outstanding shares is 350.73M. Company’s return on investment (ROI) stands at 2.42% and return on equity (ROE) at 4.52%. It has a price to earnings ratio (P/E ratio) of 43.85 while having a 12.75 of forward P/E ratio. Stock’s beta reads 1.85. Stock has a price to book (P/B) ratio of 1.66 while price to sale or P/S ratio amounts to 1.83. Its return on asset (ROA) is 1.73% on average.