
Hudbay Minerals (HBM) Stock Forecast & Price Target
Hudbay Minerals (HBM) Analyst Ratings
Bulls say
Hudbay Minerals Inc. is well-positioned for future financial growth, bolstered by its record free cash flow (FCF) of $113 million in Q2, marking the sixth consecutive quarter of positive FCF amid ongoing deleveraging efforts. The company is poised to improve operational efficiency with ongoing throughput evaluations at its Constancia mine, projected to increase output by up to 10%, alongside anticipated gains in copper and gold grades from the Pampacancha deposit that could enhance cash flow significantly over the next 18 months. Additionally, Hudbay’s Manitoba operations have demonstrated robust performance, with its New Britannia mill exceeding production expectations, further supporting a positive outlook on the company's financial trajectory in the context of favorable market conditions for copper and gold.
Bears say
Hudbay Minerals's updated guidance for 2025 indicated a significantly weaker outlook, primarily due to issues related to the Pampacancha mine in Peru, which is set to deplete this year, negatively impacting future production estimates. Cost performance has been disappointing, with per-tonne milled costs exceeding forecasts across multiple operations, leading to an upward revision in cash cost guidance and highlighting operational inefficiencies. Furthermore, the adjusted EBITDA of $257 million fell short of consensus expectations, prompting a downward adjustment of the net asset value estimate to C$7.55 per share, reflecting an 8% decrease from previous projections.
This aggregate rating is based on analysts' research of Hudbay Minerals and is not a guaranteed prediction by Public.com or investment advice.
Hudbay Minerals (HBM) Analyst Forecast & Price Prediction
Start investing in Hudbay Minerals (HBM)
Order type
Buy in
Order amount
Est. shares
0 shares