#6 - Hudbay Minerals (NYSE:HBM)
The last two stocks on this list are small-cap stocks. The first is Hudbay Minerals, Inc. (NYSE: HDM). The mining company produces copper concentrate, molybdenum concentrate and zinc metal. The company has ongoing operations in Canada and Peru and is developing its Copper World operations in the United States. That’s expected to produce 86,000 tons of copper in phase one operations.
In the last quarter, the company produced 24,498 tons of copper which was a 5% year-over-year decrease. However, that reduction had a bullish offset as the consolidated cash cost per pound was 58 cents as opposed to 65 cents in the same quarter in 2022.
HDM stock currently trades as a penny stock at $4.95 per share. And with a P/E ratio of 17x earnings it may be slightly expensive. The stock has a Hold rating from the analysts surveyed by MarketBeat and has a consensus price target of $10.47.
About Hudbay Minerals
Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.
Read More - Current Price
- $9.12
- Consensus Rating
- Buy
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.17 (22.4% Upside)
