TSE:HBM

Hudbay Minerals (HBM.TO)

32.90
+0.90 (2.81%)
as of Jul 3, 2026, 7:59:59 pm Market Open.
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Investor Insights
star iconJul 5, 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 but generally optimistic reviews from experts regarding its prospects within the copper market. Many analysts agree that the demand for copper remains strong, fueled by global needs and particularly from China, despite potential geopolitical risks in Peru and the cyclical nature of commodities. While some express concerns over recent price movements and recommend caution, others highlight the company's growth potential and solid operational framework, especially in Arizona. The company's management is acknowledged for successfully turning operations around, with an expansion plan aiming for a significant production increase. However, experts disagree on the timing for further investment, with some suggesting to wait for a pullback while others view it as a good long-term hold.

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Consensus
Positive
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Valuation
Fair Value
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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.
BUY
He recommended this 2 weeks ago to clients. If we start a new 4-year economic cycle, then you want to be long cyclical commodities including this stock. A fantastic chart. $12 target. He sees the current rally going to May/June when you would get cautious and maybe take some profits.
RISKY
The stock has been rocking, really great. Metals enjoy seasonality now into May. There's still room to return to past highs. Technically, the chart is good. However, if the chart rolls-over, watch out.
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