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
valuation icon
Valuation
Fair Value
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DML.TO
WATCH
Major zinc producer but also produce lots of copper. Zinc prices have gone down the tube. Feels the price of zinc will come back. Very low multiple. If it bounces off its previous low, take a run at it. Have significant reserves. Perfect takeover for someone.
COMMENT
Down about 20% over the last year. There was takeover speculation in the middle of last year and management has said that if an appropriate offer is made they would be willing to consider. Stable environment in Canada.
COMMENT
As a zinc play you need economic activity. The chart does not look great and that just reflects the North American economy.
COMMENT
Copper price doesn't have a huge amount of downside right now and at levels that is making excellent margins. You could go into this one for the copper, but it is mainly into zinc. Very hard to find a pure copper play these days.
COMMENT
Longer term there could be some improvements in this stock. They have been hit to a greater extent than some of the other copper producers. His long-term outlook for copper is still fairly strong but on a multiple basis, he prefers Teck Cominco (TCK.B-T), which he feels has a more rapid potential for earnings and cash flow increases over the next couple of years.
WATCH
This is very similar to many other companies in the zinc sector. The zinc was incredibly hot a year ago but has suffered a massive selloff. This is one of your bigger and better players. Has been range bound for several months and he doesn't know if this is the bottom. Wooden by now, but would be ready if it starts to move higher and the uptrend will be very quick.
BUY
Earnings have come down but his model price is $31.58, which is a positive 95% differential. Thinks that at around $15 is a bottom. Still has value but earnings have been flattening. Would Buy it here with a $15 Stop.
DON'T BUY
Primarily a zinc company. Doesn't like the idea that this company was hijacked by a hedge fund that got rid of management. Sitting on about $800 million of cash and he is afraid they will be forced to spend the cash on a project that might not turn out well.
BUY
In reference to a comment that the company has been hijacked, 18% of shares are held by one fund that is trying to force them to hand over their cash. Market believes that leadership has changed from a great, methodical, engineering, practical type of man to a more aggressive president using the money and capitalizing on situations. A much revived company. Recently had an interesting extension to its known deposits in Manitoba.
BUY
Good liquidity and diversification of assets.
BUY
Prefers slightly over Tech Cominco (TSK.B-T) as there is more takeover potential.
BUY
(Market Call Minute.) It's finally going to get taken over this year.
DON'T BUY
CEO just left and he is always leery when this type of thing happens. Good balance sheet. He doesn't like companies that are up 70X over a few years as he is looking for contrarian plays. The new CEO is talking about acquisitions because a lot of the mineral companies are cheap, but he questions that.
HOLD
Has nothing against this, but wouldn't add to it. Had a great discovery north of Flin Flon a few months ago, which they will be able to develop. Very carefully managed. Zinc has been in the doldrums for a while.
DON'T BUY
Of all the commodities, base metals are the most economically sensitive. As long as there is concern about the US economy, they are going to under perform.
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