Hudbay Minerals (HBM-T)

He likes commodities and is trading this. Anything copper and mining are good to enter now. He expects this to return to previous highs in its range.

Does not own shares in company, however, is bullish on Copper sector.
Unsure how projects in British Columbia will pan out.
Arizona assets have been difficult to develop.
Rising costs and social approval major hurdles. 

Cheap, with good upside potential. About 30% discount to book value. With EVs and the demand for alternate forms of power, electricity comes into its own. You need to have a way of moving it around, and that's copper. The copper market is a mess, with demand picking up and supply under pressure. Yield is 0.32%.

It is a very volatile stock so he trades it. There are no momentum indicators or catalysts now but copper is a good long term commodity. You could maybe buy if there is a pullback to $5.50.

Still hoping for a boom in copper prices as China reopens and from EV demand. They bought Copper Mountain, and have gained permits via Copper World. Two potential tailwinds. HBM can't remain this cheap and must rise. 

Acquiring Copper Mountain, which has a very different risk profile and more leverage. HBM's future is predicated on previous acquisition in Arizona that's been mired in bureaucracy. He's always concerned when development NAV is a high percentage of overall value. Risk of execution becomes more acute. He prefers TECK.B or FM, which are at the stage of reaping rewards of free cashflow.

He likes the metals and materials sector and HudBay as part of the sector. It is holding above the 50 day moving average.

(A Top Pick Mar 09/21, Up 5%) A slight disappointment. Eventually, they'll be appreciated for their operations: copper in near Tucson and Rosemont could come on stream. Peru remains an overhang, as their government shifts to the left, but they will realize the country needs the cash flow from this industry. Good long-term growth lies ahead.