#4 - Hudbay Minerals (NYSE:HBM)
Hudbay Minerals Inc. (NYSE: HBM) is another mining stock that offers the possibility of long-term gains. The company’s primary focus is copper mining, but it also mines for a range of precious metals, including gold, silver and molybdenum. The company’s flagship project is its Constancia mine in southern Peru.
The company generates 89% of its revenue from gold and copper. That creates an intriguing setup for investors. Gold, which accounts for about 27% of revenue was the best performing precious metal in 2024, not to mention one of the best overall asset classes. On the other hand, copper, which accounts for 62% of revenue was the laggard among metals with year-over-year gains of around 5%.
Gold is expected to continue to shine in 2025, but it’s copper that is expected to see the strongest growth between 2025 and 2030. That explains why analysts are bullish on HBM stock and, as of February 2025, have assigned a consensus price target of $10.93, which is a 46.5% gain from its price on February 19, 2025.
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.
More- Current Price
- $7.10
- Consensus Rating
- Buy
- Ratings Breakdown
- 6 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $11.17 (57.4% Upside)
