Added to YB: 2026-08-13
Pitch date: 2026-08-11
HBM [bullish]
Hudbay Minerals Inc.
-1.82%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Hudbay Minerals Inc., a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.
Market Cap
CAD 12.3B
Pitch Price
CAD 39.51
Price Target
37.00 (-4%)
Dividend
0.10%
EV/EBITDA
10.96
P/E
16.16
EV/Sales
5.22
Sector
Metals and Mining
Category
growth
New Position: A High-Conviction Bet on Copper - $HBM
HBM (new position): Copper-focused miner (54% Cu, 36% gold rev) at inflection point entering 'earnings phase' H2 2026-27. Trades ~half SCCO's P/E & EV/EBITDA despite growing FCF, mine-life extensions & Copper World/Mason pipeline. Copper deficit tailwind. PT $37 at 1.2x NAVPS. Risks: Lalor disruptions, Cu/gold prices, execution.
Read full article (8 min)