TSE:HBM

Hudbay Minerals (HBM.TO)

41.91
-0.25 (0.59%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 12 opinions in the last 12 months.

Hudbay Minerals (HBM-T) has garnered mixed reviews from experts within the mining and resources sector, with a notable focus on its long-term potential in the copper and gold markets. Several analysts acknowledge the company's aspirations for growth, particularly its plans to increase production by 24% over the coming years and its promising developments in Arizona, specifically the Copper World project. However, there are warnings about the cyclical nature of commodity prices and the risk of potential pullbacks, especially given recent price highs. While there's recognition of the company's sound operational management and solid cash flow, fluctuations in metal stocks and concerns about overvaluation prompt a cautious approach among some experts. Overall, while Hudbay is seen as a significant player with potential upside, market conditions and technical charts suggest careful monitoring is essential.

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Consensus
Hold
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Valuation
Fair Value
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DML.TO
TOP PICK
Has lots of cash flow stream, some great growth projects, which are all reasonable sizes and in great jurisdictions.
COMMENT
A bit of a drawback in that it doesn't pay much of a dividend but the company has a huge amount of cash on hand. Potential takeover target. Well run.
TOP PICK
$700 million in cash. Their new mine in Manitoba, which is opening in the next 12 to 18 months, will take their gold production from 100,000 ounces to 250,000 ounces. Close their copper smelter, which was a millstone to them. Thinks there copper project in Peru is a go.
BUY
Everybody’s selling commodity stocks because of worry about Chinese growth but over a longer period of 2 to 5 years, demand for minerals and metals is going to continue to increase.
TOP PICK
There are only a couple of names in North/South America that are relatively cheap. He would double his position if it goes lower from here. You aren’t paying a lot for Peru.
WAIT
Have lots of cash on balance sheet but will be spending it to bring all the growth into production. Loves the story but it is too early.
BUY
Teck Resources (TCK.B-T) or Hudbay Minerals (HBM-T)? Both are growth resource stocks so dividends are not exciting. From a safety standpoint Teck is bigger and less focused in base metals and has significant coal content. A lot of their resources is driven by Chinese demand. Hudbay is very cheap and has about $5-$6 in cash and is another good choice..
HOLD
A quality blue chip copper, gold, zinc resource company. Going through a period of seasonal weakness. Have a big production ramp up in the next 2 to 3 years. Have a cashed up balance sheet so are not dependent on market conditions for funding.
SELL
Got stopped out of virtually all his metal stocks through March and into April. At this point there is not enough to tell him that the correction is done.
BUY
Recently reduced his holdings as he feels China is slowing down and the copper market is coming down. Have almost $1 billion in cash plus a dividend. Combination of copper, zinc and gold. Expanding their Laylor deposit. Cheap stock.
TOP PICK
Was $30 a few years ago and is a way better company now. Have $800 million in the bank. Now have a New York listing. Closed the old copper smelter in Flin Flon Manitoba. Devoted themselves to finding more production through the Americas. Known as a copper/zinc producer but do produce 100,000 ounces of gold annually, soon to be 250,000 ounces.
DON'T BUY
Technically it is currently in a downward trend. Has not been following the seasonal patterns that other base metal stocks have been following. There is support around $11. Copper and zinc prices have been trending down. Wait for support.
PAST TOP PICK
(A Top Pick April 19/10. Up 14.42%.) Got out at about $17.50. Now that it has retraced closer to $15 he is taking another look to see if he wants to re-enter.
COMMENT
Has great cash flow assets and cash ready to go. Looking at this but is giving it time. With their base and their cash, you just have to give it time.
TOP PICK
Anywhere in the mid teens, he would back up the truck. Fundamentally different than it was. Has been turned into a copper/gold company with zinc. Closed their old Flin Flon smelter. Have a wonderful new mine, Lalor that they are bringing into production with high grades of both copper and gold. Did an acquisition in Peru and still have $800 million in the bank. Quadrupled their reserves. Listed in New York.
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