Hudbay Minerals (HBM.TO) Buy, Sell or Hold

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Hudbay Minerals (HBM.TO)

41.91

-0.25 (0.59%)

as of Jun 4, 2026, 8:00:00 pm Market Open.

270 watching

Investor Insights

Jun 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.

Consensus

Hold

Valuation

Fair Value

Similar

DML.TO

BUY

Haven't bought it yet but is watching it. Have it as a buy. A very diversified company and would look at the overall exposure. It is global with activities in Peru and Canada. It is positive on a long term basis. Would consider it. (Analysts’ price target is $12.00)

BUY

It has been correcting similar to other copper stocks. You want to see some healthy corrections so this is normal. Earnings are set for this week. Copper is part of the green energy solution and should profit from infrastructure spending. A name that he likes and this is the time to own names like this.

DON'T BUY

Analysts see a target of $4.25. He is more cautious based on how vibrant the economy will be. Their business is focused on base metals like copper. Commodities will likely be in a sideways range for some time to come. Earnings are negative and expected to be down over 100% this year. This is not an active purchase candidate for him. He suggests owning gold stocks instead. (Analysts’ price target is $4.25)

DON'T BUY

Buy Keyera instead? He briefly owned this. An activist last year changed management, which didn't work for him. He doubts they'll get a Tuscon permit for their Rosemont copper mind in the States, given activists opposing it. As for Keyera, it's an apples and oranges talk--very different companies. But Keyera is a stronger company financially, so it'd be an uptrade.

DON'T BUY

2019 was a bad year, losing top management and a key growth project, Rosemont, has been halted by a court order. But their Manitoba zinc operations are fine. But Peruvian operations are troubled, though they have reached a settlement there. Production going forward may be flat or decline.

COMMENT

Effected by the coronavirus? The coronavirus has effected the entire space, but HBM has fallen since late-2017 with two spikes up in its chart. In the last six months, it's fallen further to $3.60 with support at this level. Base metals pick up in March (seasonality), though. HBM must tournaround or it will fall below $3, per late-2015 levels.

PAST TOP PICK

(A Top Pick Feb 26/19, Down 55%) This is nothing but ugly and didn't work out. Sometimes things change that you didn't anticipate. He sold last July. Sometimes your first loss is your best loss. It continued to go down.

PAST TOP PICK

(A Top Pick Feb 14/19, Down 36%) Their mine in Arizona is running into delays. This is really a call on copper prices. Copper prices are starting to rebound and with housing construction accounting for 40% of copper demand, the recent uptick in housing starts is also supportive. We could see another leg up on this run. It is currently neutral for him, but he will watch for upward price momentum.

SELL

As a pure trend guy, this has been in a gently sloping downtrend for a while. The lows have been getting gently lower, and the highs gently higher. Might rally back a bit, or you just say there's another bus.

HOLD

Legal hurdles? A play on copper and he has been a long term holder. The proxy fights from last year are over. There is some issue about permitting on the upcoming US project. He thinks it will be approved longer term, but it may take longer. With all the turmoil in the world and given we are near an end of a bull cycle, this is a good time to get into base metals. What he needs to see is more investment in industrial production. You will have to be patient. He will continue to hold it.

WAIT

Dispute it coming down, it could go down further. Institutions usually don’t hold stocks cheaper than $5. In this case, wait for it to tick back up in consolidation.

HOLD

He isn't looking for buoyancy in the underlying commodity price. Losing Rosemont permit: that appeal will take a long time. Meanwhile, HBM must focus--and is--elsewhere to expand. The stock has been punished by the pullback of the Rosemont permit. Hold this for a few years and it could double. Meanwhile, wait and see.

BUY

The sector had a slight run and is now rangebound. It is now at the low end of $10. Buy it now as a trade.

DON'T BUY

A quality company but really over a decade it made nobody any money. It's tradable. It is an under-performer. He does not like it long term.

PAST TOP PICK

(A Top Pick Oct 24/18, Down 7%) If not for the delay in the Rosemount mine, this would do a lot better. Disappointing, but he's waiting--that's key. Its assets are attractive. At least it isn't operating in politically sensitive areas.

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Hudbay Minerals (HBM.TO)