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Opinions Don Vialoux
Hudbay MineralsHBM.TOCOMMENTSep 08, 2017
Don VialouxStock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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Prefers TECK.B. He's attracted to copper in the longer term. In the very near term, the commodity will be weighted by overall economic conditions. TECK.B is more a restructuring play than a copper play right now; well run, wide range of assets; world-class coal assets are undervalued; cashflow is more stable.
Mining higher-grade ore. Increased demand for metals like copper and zinc makes the stock inexpensive here, well below book value. New mines are costly to build. Not a dividend stock, but good prospect of capital appreciation. Sees upside potential to $10-12 over the next few years.
Michael SprungHe was buying at the bottom. Around $4 is an okay time to start accumulating shares, based on the chart. He expects rotation as oil stocks probably pull back (he take profits) and minerals might find a bid.
Keith Richards
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.
(Analysts’ price target is $9.84)Keith RichardsCheap, 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%.
(Analysts’ price target is $10.22)
Ross Healy
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.
Michael SprungAcquiring 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.
Just announced a $250 million deal, so it is under pressure today. They are expanding their operations and are raising some money to build more mines. That is a good thing. Seasonally, it has a history of moving higher a couple of times during the year. One has just passed at the beginning of August, but its best period is normally from October until March. Currently, the stock has gotten very close to its previous high. Once the new issue is out of its way, you can expect the stock, at around the beginning of October, to enter its period of seasonal strength, and will test its previous high. If it breaks that previous high, then you are looking at it moving significantly higher right through until spring.