Update shared on12 Sep 2025
Fair value Increased 1.52%Hudbay Minerals’ consensus price target has risen to CA$18.62 as analysts become more bullish due to the company’s attractive gold and copper exposure, improved operational performance, and robust free cash flow outlook, underpinned by favorable commodity prices.
Analyst Commentary
- Bullish analysts cite Hudbay’s diversified commodity exposure, particularly to gold (viewed favorably in the current macro environment) and copper in stable jurisdictions.
- Consistently raised price targets across several brokerages reflect expectations for robust free cash flow generation, even before factoring in potential growth projects.
- Upward revisions are supported by stronger commodity price outlooks, notably for gold and copper.
- Improved operational performance and cost discipline are driving higher confidence in the company’s near-term earnings and cash flow.
- Multiple initiations and rating reiterations at “Buy” or “Outperform” signals broad bullish sentiment regarding Hudbay’s risk/reward profile and growth trajectory.
What's in the News
- Hudbay Minerals resumed operations at Snow Lake after wildfire evacuation orders were lifted, with no structural damage reported; full production is expected by early September and annual guidance metrics remain unchanged.
- The company reaffirmed full-year 2025 consolidated production guidance of 117,000 to 149,000 tonnes of copper and 247,500 to 308,000 ounces of gold.
- Q2 2025 consolidated production was 29,956 tonnes of copper (up year-over-year), 56,271 ounces of gold (down year-over-year), 814,989 ounces of silver (up), 5,130 tonnes of zinc (down), and 375 tonnes of molybdenum (flat).
- Hudbay responded to Manitoba wildfires by securing assets, suspending operations at Snow Lake, and maintaining operations at Flin Flon; exploration near Snow Lake was paused, but annual Manitoba guidance remains on track.
- The company provided over $2 million in support funding for evacuated employees and communities, including direct financial aid, corporate donations, and matched employee contributions, while assisting local emergency response efforts.
Valuation Changes
Summary of Valuation Changes for Hudbay Minerals
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$18.34 to CA$18.62.
- The Future P/E for Hudbay Minerals has significantly risen from 17.38x to 23.16x.
- The Consensus Revenue Growth forecasts for Hudbay Minerals has significantly risen from 2.6% per annum to 3.0% per annum.
Disclaimer
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