TSE:HBM

Hudbay Minerals (HBM.TO)

31.54
-0.29 (0.91%)
as of Jul 24, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconJul 25, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Hudbay Minerals (HBM-T) has garnered mixed reviews from various experts. Some analysts see it as an attractive play, citing long-term bullish sentiments for copper driven by demand, especially from China. They recognize the company's growth potential, particularly with its initiatives in Arizona, and note the importance of having a diversified portfolio across different jurisdictions. However, there are concerns regarding its recent price fluctuations and geopolitical risks associated with its operations in Peru. Additionally, some experts recommend caution due to the cyclical nature of commodities and potential corrections in metal prices, suggesting that investors should consider positioning themselves strategically, either by trimming holdings or waiting for price pullbacks.

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Consensus
Cautious
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Valuation
Fair Value
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WAIT

It is a very volatile stock so he trades it. There are no momentum indicators or catalysts now but copper is a good long term commodity. You could maybe buy if there is a pullback to $5.50.

PAST TOP PICK
(A Top Pick Apr 27/22, Down 17%)

Still hoping for a boom in copper prices as China reopens and from EV demand. They bought Copper Mountain, and have gained permits via Copper World. Two potential tailwinds. HBM can't remain this cheap and must rise. 

DON'T BUY

Acquiring Copper Mountain, which has a very different risk profile and more leverage. HBM's future is predicated on previous acquisition in Arizona that's been mired in bureaucracy. He's always concerned when development NAV is a high percentage of overall value. Risk of execution becomes more acute. He prefers TECK.B or FM, which are at the stage of reaping rewards of free cashflow.

Unspecified

He likes the metals and materials sector and HudBay as part of the sector. It is holding above the 50 day moving average.

Unspecified
HudBay hasn't had much appreciation by the market for many years and is at a good valuation. However its main mine is in Peru where the politics are creating difficulties. Longer term the companies that mine copper, etc. should do better.
Unspecified
Copper is volatile. He wants more stability in commodities, including growth in China's economy, before buying the mining companies.
BUY
Under pressure, mainly because of South American exposure. He remains a believer. Good news on changes in Canadian assets. Misunderstood company. Disappointing performance, but a buy at current prices.
BUY ON WEAKNESS
Copper's price has plunged in recent days, taking down other metals. Their Manitoba mines are hand-to-mouth, and South American ones still need to be developed. Consider this around $6-7, but it's a lower-quality mining business.
TOP PICK
Lags the group. Laying foundation for future growth. Position in Peru is a bit concerning with recent elections. Current price nowhere near reflects its potential over the next few years. Compelling at current prices. Yield is 0.25%. (Analysts’ price target is $13.76)
PAST TOP PICK
(A Top Pick Mar 09/21, Up 14%) Expecting valuation to catch up to peers. Believes company has lagged other companies in sector. International operations has presented risk in business model. Company has a lot of growth prospects. New operations coming online soon.
PAST TOP PICK

(A Top Pick Mar 09/21, Up 5%) A slight disappointment. Eventually, they'll be appreciated for their operations: copper in near Tucson and Rosemont could come on stream. Peru remains an overhang, as their government shifts to the left, but they will realize the country needs the cash flow from this industry. Good long-term growth lies ahead.

WEAK BUY
Political changes in Peru are affecting it. Concerns about change in royalty regime. Discount to group, given potential earnings going forward. Well placed in Canada and Latin America. Not a screaming buy, but potential to reach low to mid-teens.
BUY
All the metals companies have come down. The big worry is Chinese growth. The metals have rolled over a little. These things are looking to be at good purchase points. He is taking a look at it again.
BUY
Getting that license in Arizona would be a huge boom for them. They hold great mines and their operations are performing well. They've stumbled a bit in recent years, but overall things are smooth. Peru offers political uncertainty with a new far left-wing government, but it needs Hudbay's operations to keep going. He targets $12-13.
COMMENT
Modelling 229% EPS growth from 2021-2023. Time to buy cyclical stocks is when it's expensive, not when they are cheap. Prices have come down a lot because the Chinese board has recommended to do something about high commodities prices.
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