
TSE:HBM
This summary was created by AI, based on 13 opinions in the last 12 months.
Hudbay Minerals (HBM) has garnered mixed opinions from experts, with many recognizing potential in the copper market driven by ongoing demand and limited new production capabilities. While some reviewers express optimism regarding the company's growth opportunities and management's recent turnaround efforts, others exhibit caution due to geopolitical risks in Peru and volatility in commodity prices. The stock is noted for its recent price appreciation, suggesting the market is pricing in significant prospects, but concerns about a potential correction linger. Overall, while Hudbay is seen as a viable long-term play within the base metals sector, investing strategies are advised to be selective, especially given the cyclical nature of commodities and current market dynamics.
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.