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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FCX
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.
SELL
Arizona mine hung up in admin for at least another year. Copper prices rolled over. Don't want to own a marginal commodity producer admidst slowing global growth.
DON'T BUY
You have to have a strong stomach to be into mining stocks. A recession causes this sector to sold off aggressively. He does not like that fact that miners are price takers -- they have little control over revenues. He likes companies like Apple that are price makers. He predicts HBM-T share prices will be volatile, especially since we are late in the economic cycle. He would stay away.
TOP PICK
They recently had a major setback in the permitting of the Rosemont mine. At these levels this stock is down and out for the count, but they would be good long term. They are going to survive but have suffered as of late.
COMMENT

LUN vs HBM? He owns LUN-T, but not HBM-T as it has a lower beta to the market. They are good at timing their acquisitions and they know how to balance brownfield expansions, while creating cross-commodity diversification. HBM-T has gone through a proxy fight and their CEO has departed -- it is a wait and see company.

PAST TOP PICK
(A Top Pick Jun 26/18, Down 13%) He sold this at over $10, because it had run up so much for him and he didn't expect the China tariffs to get resolved anytime soon. Now, HBM is worth considering again as they transition to a new CEO.
PAST TOP PICK
(A Top Pick May 30/18, Down 19%) It has been up and down over the last year. It is still one of his favourite stocks within the metals and minerals. They did a great deal to clean up operations in Manitoba. There is potential for increases in cash flows down the road. He'd stick with it.
BUY
Forecasting commodities prices is very difficult. Copper in particular which is one if the main metals that this company produces has been low. If we get a soft landing then copper demand should pick up. China has been a bigger consumer and that demand is going to be there even at a lower growing pace. They are involved in many projects that will increase production in the future. The stock has been choppy as they had a sort of a Board coup with an activist investor being involved. Longer term the stock price will follow the fundamentals.
PAST TOP PICK
(A Top Pick Apr 26/18, Down 25%) It was not long ago it traded $10. In the past four weeks concerns over the economy have dampened the share value. They are doing good work to run the operations. It has great torque to the commodity cycle. He would be a buyer here. Indigenous investigation is causing some worry with mine expansion plans.
COMMENT
He would prefer HBM-T. The trend is not your friend with TV-T. The danger is that it can be left for dead and continue to get cheaper without anyone stepping in. HBM-T follows the trend in copper and is trading at under book value.
BUY ON WEAKNESS
The commodity stocks as a sector are pretty reasonable. One of the catalysts you need is for the US$ to roll over and give them some breathing room. There is room for HBM-T to lift up and is one that will lift up if you get this trading thing out of the way.
TOP PICK
An unhappy investor is making things challenging in a proxy fight. Production increases will be coming over the next few years. It has been selling at a significant discount to its peers. He thinks management will win the fight. Yield 0.23%. (Analysts’ price target is $11.70)
HOLD
It trades within a strict range. His target is $9.00. It may see 10% upside from the current price, then it'll go down again. Hold, don't buy.
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