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Bullboard - Stock Discussion Forum Hudbay Minerals Inc T.HBM

Alternate Symbol(s):  HBM

Hudbay Minerals Inc. is a copper-focused mining company. The Company has operations and pipeline of copper growth projects in tier-one mining-friendly jurisdictions of Canada, Peru, and the United States. The Company’s operating portfolio includes the Constancia mine in Cusco (Peru), the Snow Lake operations in Manitoba (Canada) and the Copper Mountain mine in British Columbia (Canada). Its... see more

TSX:HBM - Post Discussion

Hudbay Minerals Inc > Globe articles
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Post by Ridgeback on Apr 07, 2021 10:32am

Globe articles

Globe says Hudbay boosted to “buy” from “underperform”

Hudbay Minerals Inc (C:HBM)
Shares Issued 261,272,151
Last Close 4/6/2021 $9.94
Wednesday April 7 2021 – In the News

The Globe and Mail reports in its Wednesday, April 7, edition that Bank of America Securities analyst Lawson Winder handed Hudbay Minerals ($9.94) a double upgrade to “buy” from "underperform,“ as a result of a ”greatly improved" outlook for its copper business.

The Globe's David Leeder writes in the Eye On Equities column that Mr. Winder boosted his share target to $12.20 from $10.60. Analysts on average target Hudbay Mineral shares at $12.50. Mr. Winder says in a note: Mr. Winder says in a note, "2022-23 copper production guidance was better than expected while copper, gold and silver reserves were more than replaced

." The Globe reported on Nov. 13, 2020, and Jan. 12, 2021, that Scotia Capital analyst Orest Wowkodaw maintained Hudbay Minerals at "sector outperform." The shares were then worth $6.75 and $8.73.

The Globe reported on March 4, 2021, that Credit Suisse analyst Fahad Tariq continued to rate Hudbay Minerals "outperform." The shares could then be had for $8.84. The Globe reported on April 1, 2021, that RBC Capital Markets analyst Sam Crittenden had boosted his recommendation for Hudbay Minerals to “outperform” from "sector perform." The shares were the worth $8.60.

RBC considers Hudbay outlook to be bright

The Globe and Mail reports in its Tuesday, April 6, edition that RBC Dominion Securities added Hudbay Minerals ($9.54) to its "Q2/21 Global Mining Best Ideas Portfolio" on Monday.

The Globe's David Leeder writes that RBC said in a note: "HudBay provides investors with significant exposure to copper (47 per cent of 2021 estimated revenue), zinc (24 per cent), gold, silver & other (29 per cent) and with geographic diversification with producing assets in Manitoba, and Peru.

Hudbay's released updated mine plans for Peru and Manitoba confirm strong growth potential through 2023. Copper production in Peru is expected to grow to 118kt from 73kt in 2020 (61 per cent), and gold in Manitoba to 185koz, from 112koz in 2020 (65 per cent).

We expect an FCF inflection in the second half of this year following investments in Manitoba and Peru, which should carry over into 2022 when the company has lower capital spending requirements. Longer term, Hudbay could realize copper production growth from its Rosemont project in Arizona beginning in the mid-2020s.“ The Globe reported on April 1 that RBC analyst Sam Crittenden boosted Hudbay Minerals to ”outperform“ from ”sector perform." The shares could then be had for $8.60.

Comment by TrumpThis on Apr 07, 2021 12:36pm
There's lots of upside in HBM from all areas Ridge, including Cu price, which PEA very, very, very conservatively sets @ $3.10: After-tax net present value (10%) of $519 million and 13.7% internal rate of return at $3.10 per pound copper, which increases to $773 million and 15.4%, respectively, at $3.25 per pound copper. I like buying on the dips & missed the last bottom @ $7.23 ...more  
Comment by Newbern on Apr 07, 2021 6:44pm
The IRR is too low to be developed unless there is a stable copper price close to US$4. This is not a profitable mine which will be developed at $3.25 copper prices. But copper is going up from here I suspect. Without $4 copper, mines won't be developed to the point of meeting demand. Really, I suspect we will see $5 copper by next year or the year after. My copper holdings are TKO, CMMC ...more