
TSE:HBM
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.
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.
(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.
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.