
TSE:HBM
This summary was created by AI, based on 13 opinions in the last 12 months.
Hudbay Minerals (HBM-T) is in the spotlight as experts weigh in on its performance and prospects. The company operates a copper concentrate mine in Peru, facing geopolitical risks and a volatile commodity market. While some analysts see long-term potential in copper due to persistent demand, especially from China, others express caution regarding current valuations and recent price corrections. The overall sentiment indicates mixed feelings, balancing the potential growth from its Arizona expansion with concerns about financial performance and market conditions. Many experts recommend a tactical approach, suggesting investors watch for pullbacks before establishing larger positions.
All the base metals are getting creamed, down a ton. Frustrating--they aren't hitting on any of their metrics. It's getting more difficult to produce copper at present prices, problems with the mines. It's oversold. There could be heavy tax-loss selling soon. He wishes operations were going better. In a recent controversy, a seller doesn't want Hudbay to buy anything now as takeover and merger specualtion ensues.
An unhappy hedge fund and shareholder which insists that HBM halt a big acquisition. HBM is languishing more than its peers. Their upcoming projects like Rosemount have been delayed, but their primary investment is performing quite well. Some quarters have seen some setbacks. Now, the stock is very cheap at 60-70% book value, a buying opportunity. (Analysts price target: $9.93)
The vast majority of revenue is copper and base metals. It is a base metals play. You have to watch China who has the biggest net swing for demand. They are growing at a slower rate every year. This stock will probably underperform lots of other things you could hold. It is a fine company otherwise.
There is a more technical based CEO there now. The company has gone through good expansion and now they are focusing on permitting in the Arizona mine. It has been a lengthy process to get approvals and expects 2019 to see approval. He is generally very light on holding base metals, especially in the face of current trade disputes.