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Hudbay Minerals Inc. (HBM.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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519 reactions on $HBM.TO conversation
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Why the big drop today?
Target Up BMO Capital Markets Outperform CAD 15.5
Yahoo Finance Insights
HBM.TO is up 7.79% to 8.58
No reason for the sp to be under 9.00. A little manipulation is happening here.
Mediocre 1st Q due to shipping delay and longer than anticipated maintenance . Q2 will be much better. Year very good. Significant production increases 2022-2028. Outlook very good. ( From Conf. Call)
Production profile for Constancia is down, but Pampacancha will help offset grade decline.
Gold is the big winner here for Hudbay and will solidly drive earnings in 2021.
Yahoo Finance Insights
Hudbay Minerals is down 7.98% to 6.00
Too much short interest, this will be brought down to 0
Hudbay Minerals is a great company the future for it is looking positive Target price
Hudbay. Historically roughly 80% base metal exposure (mostly zinc and copper). 18% Au and Ag.
The forecast is for an increase to 33% PM exposure by 2022. Hudbay has solid producing mines in stable districts: Peru and Canada. Hudbay has a range of exploration and ongoing project development in the US, Canada and Peru. Hudbay took a hit on the surprise ruling which stalled Rosemont in 2019. BUT, that means those who have been accruing since buy into a solid producing company with good finances and growth potential at a relative discount. The increase in Au in Manitoba and the overturn on the Rosemont ruling (which will take time but my sense is they have a case) in addition to the solid portfolio in copper, zinc and gold and silver make Hudbay a great bet. GLA.
Everytime I see a headline regarding semiconductor shortages, components, crypto taking off, Bidens clean green plans, I smile now, leys go HBM!
All this exciting news about Upgrades, Increased Price Targets, etc. So why the big selloff?
Did you see that copper prices are now off the roof? Who know that?
I bought today my first shares here I hope I did the right thing
Slow but steady (under the radar of this board). With increased demand for EV, semi conductors, 5G, ... and increasing material prices... This will be a winner for 2021 !
So they have one mine in Peru and the stock was upgraded yesterday and yet it’s down again today??
EXCELLENT numbers ....and what matters the most....... ADJ..EBITDA was great $96 MILLIONS vrs $76 M last year.........With great Pampacancha news and in Manitoba ahead of schedule and on budget.Congratulations..........good news for years to come...............
Exciting news today. New discoveries.....life of mine upgrades.....should be significant interest tomorrow!
The global market will be in deficit this year and next, according to the International Wrought Copper Council, which put output in 2019 at 24.28 million metric tons and demand at 24.44 million.
Global copper consumption is set to expand next year even as the U.S.-China trade war rumbles on, according to a major European miner, which expects usage to be underpinned by shifts in the mainland economy and the government’s plans to develop infrastructure across Asia.
“Demand for copper shall be positive next year and in the coming years,” Marcin Chludziński, head of KGHM Polska Miedz SA, said in an email. “The trade conflict may affect demand to some extent, but on the other hand China is changing its growth model and starting to accelerate internal consumption in order to rely less on exports and more on its domestic market.”
“There is a lot of support for Chinese growth coming from the One Belt One Road initiative and infrastructural investments in the mid-western part of China,” said Chludziński, whose comments come as industry participants meet in Shanghai for Asia Copper Week. “We believe this may be a significant factor responsible for rising metals-related demand in the coming years.”
BHP Group estimated last year that China’s Belt & Road Initiative was already seven times larger than the Marshall Plan, the U.S.-led rebuilding program across Europe after World War II. In terms of steel, the company estimated associated projects may add as much as 150 million tons of demand.
Recent federal court ruling overturning approval of the Rosemont Mine on service land near Tucson will make it harder for the Forest Service to say “yes.”
To prove validity under the 1872 law, Soto wrote, Hudbay would have had to show that the land contained valuable mineral deposits, which he said the company had failed to do.
To get access to copper, molybdenum and silver from the mineral ores, Rosemont must extract a total of 1.2 billion tons of waste rock, material containing no economic value, as Soto noted, and about 700 million tons of tailings.
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