HBM Stock Recent News

TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) ( TSX, NYSE: HBM) senior management will host a conference call on Wednesday, November 13, 2024 at 11:00 a.m. ET to discuss the company's third quarter 2024 results.

Hudbay has leveraged tightness in copper concentrate markets to secure favorable treatment charges on some production. In Q2, HBM struggled with lower grades at its Peru operations, but production is still above last year's numbers. HBM stock trades at a more favorable valuation than most of the major copper miners.

TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that it has reached a final settlement with all plaintiffs in three civil lawsuits brought against the company regarding alleged actions that occurred in Guatemala in 2007 and 2009. This settlement concludes all outstanding legal matters related to Hudbay's former activities in Guatemala. Hudbay was named in the civil suits because of its ownership of the Fenix nickel project, which was acquired in 2008. In one of the lawsuits, brought by 11 female plaintiffs, the allegations against the Guatemalan company that owns the project predate Hudbay's ownership. In 2011, Hudbay divested itself of its holdings in Guatemala and has had no operations there since that time.

Our downgrade thesis played out into earnings, and now we're upgrading Micron Technology, Inc. stock to buy. Micron is uniquely positioned to benefit from industry demand for HBM (used in AI) and should see better top-line growth and margins because of it next year. Management is also guiding for FY25 capex to be 35% of total FY25 sales and aiming for their HBM share of the market to reflect their DRAM.

Upgraded Micron Technology, Inc. to “Strong Buy” with a fair value of $160 per share, driven by rapid HBM3E growth and capacity expansion plans. The HBM market is expected to grow significantly, with Micron's HBM products projected to generate multiple billions in revenue by FY25. Micron plans $8.1 billion in CAPEX for FY25, focusing on greenfield fab construction and HBM investments to meet rising demand.

Hudbay Minerals secures two of the three necessary state permits to begin the construction of its Copper World project in Arizona.

TORONTO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) ( TSX, NYSE: HBM) is pleased to announce that it has received an Aquifer Protection Permit for the Copper World project (“Copper World”) from the Arizona Department of Environmental Quality (“ADEQ”). The company proactively engaged with the ADEQ, ensuring a transparent and thorough permitting process by providing comprehensive and detailed information. The issuance of this permit is a key milestone in the advancement of Copper World, which is a standalone operation requiring state and local permits and is expected to produce 85,000 tonnes of copper per year over a 20-year mine life.

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “Company”) ( TSX, NYSE: HBM) is pleased to announce that it has received an Aquifer Protection Permit for the Copper World project (“Copper World”) from the Arizona Department of Environmental Quality (“ADEQ”). The company proactively engaged with the ADEQ, ensuring a transparent and thorough permitting process by providing comprehensive and detailed information. The issuance of this permit is a key milestone in the advancement of Copper World, which is a standalone operation requiring state and local permits and is expected to produce 85,000 tonnes of copper per year over a 20-year mine life.

Applied Materials is well-positioned in the semiconductor equipment market, driven by growth in HBM, DRAM, and advanced packaging, with a 'Buy' rating and a $220 price target. Investments in advanced technologies and energy-efficient computing solutions are expected to serve as long-term growth tailwinds for the company. Recent financial results show 5.5% revenue growth and 7.4% adjusted operating profit growth, with a revenue forecast of $27 billion for FY24.

Hudbay Minerals Inc. (NYSE:HBM ) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Candace Brule - Vice President Investor Relations Peter Kukielski - President & Chief Executive Officer Eugene Lei - Chief Financial Officer Andre Lauzon - Chief Operating Officer Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Lawson Winder - Bank of America Merrill Lynch Dalton Baretto - Canaccord Genuity * Operator Good morning, ladies and gentlemen. Thank you for standing by.