Stockchase Opinions

Cameron HurstHudbay Minerals IncHBMCOMMENTMay 20, 2016

The chart on copper is very early. The commodity cycle seems to be getting its footing. A lot of this has to do with China. Still pretty early. There is a strong earnings revision cycle, especially on something that can be is highly torqued as minerals.

$3.86

Stock price when the opinion was issued

$27.69

As of Sep 03, 2026. Market Open.

precious metals
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BUY
tech analysis by Bob Lang

Copper is booming from the data centre build. The chart shows a mild uptrend. It bounced off its 200-day moving average in July, then its 50-day and has kept running. If it takes out $44.50, Land predicts the stock will reach $50. The RSI is pulling back after approaching overbought. The TTM Squeeze indicator looks good.

COMMENT

She is underweight in materials since they depend on the underlying commodity prices. The dividend yield is only 2% and debt levels are quite high because of many recent acquisitions. Their flagship mine is in Peru which could raise political concerns.

HOLD

It has bought Copper Mountain at a discount to the stock price. His comments were more general in nature and related to companies that mine copper. Global copper inventories are heading down and could be negative by August. This could lead to a big uptick in copper prices so don't sell your copper stocks.