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

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Hudbay Minerals (HBM.TO)

32.90

+0.90 (2.81%)

as of Jul 3, 2026, 7:59:59 pm Market Open.

270 watching

Investor Insights

Jul 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.

Consensus

Positive

Valuation

Fair Value

Similar

FCX

TOP PICK

A cyclical, a mid-sized metal miner in Alberta as well as Peru and Arizona where they should obtain their permits. Boasts 0.8x book value. Rising copper and zinc prices are tailwinds. (Analysts’ price target is $10.09)

WAIT

We had a downtrend and a bottom in November just before the market bottom. It started to recover before the market bottom, showing signs of leadership. He expects a sideways consolidation now and then it looks good.

TOP PICK

He is bullish on a trade resolution. It ranks in the top 5% of all stocks. 0.7 times book, 7 time PE. They are still able to generate cash flow. It is a bit volatile but has improving price momentum. It has turned the corner. (Analysts’ price target is $9.59)

BUY

TV-T vs. HBM-T. TV-T has ties to the zinc market, which has been under severe pressure from tax loss selling. HBM-T would be a better replacement if you want to be here.

PARTIAL SELL

It's had troubles returning to peaks, and it's stuck in a channel for long. $6 is the top, so it's got to get above $6. Traders should sell at $6, but if you're patient, then hold. See what it does. There's no reason to sell it otherwise.

COMMENT

Hudbay vs Teck. These are two different companies. Teck being more focused on coal, copper and zinc. Hudbay is more copper and zinc. He would prefer Teck. As these do not provide any yield, he does not stay on top of these ones. He would stay on the sidelines for these given the trade issues globally. The next Presidential election will likely help define the future -- it will be uncertain until then. China will continue to be a big consumer and supply is being curtailed at these low commodity prices. The inventory situation will be improving over time, but it is still too early.

BUY

The downside is over, and he's a little optimistic about commodities. Also, the US dollar is peaking, which has been dragging down this sector. We could see a bounce in commodities (copper, zinc, metals), with not much more downside.

WAIT

Trade tensions with China are going to see demand keep falling for base metals. Sometime in 2021 a lot of these stocks are going to be cheap and have growth for 10 years plus, and that is when to get into them. This is one of the purest plays in the base metals space.

HOLD

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.

TOP PICK

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)

DON'T BUY

Most of their revenue is from Copper. It is a base metal play. You have to watch China. China is slowing. He does not think Copper will have a big upswing any time soon. He prefers more diversification through ETFs into these spaces.

HOLD

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.

COMMENT

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.

BUY

It's had a huge pullback from $13 to $6. It has nice upside and discount to book value. His target is $5.40 as a bounce.

PAST TOP PICK

(Past Top Pick, June 7, 2017, Up 2%) There's been pressure on commodities lately. He hopes there will be better grades of minerals coming from their mines; recent ones have disappointed. This should be trading more in line with its
peers. Valuation remains solid.

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Hudbay Minerals (HBM.TO)