| Comment | 18.140 | Bruce Campbell | As a zinc play you need economic activity. The chart does not look great and that just reflects the North American economy. | 2008-05-09 | |
| Comment | 19.350 | David Cockfield | Copper price doesn't have a huge amount of downside right now and at levels that is making excellent margins. You could go into this one for the copper, but it is mainly into zinc. Very hard to find a pure copper play these days. | 2008-04-24 | |
| Comment | 16.700 | Michael Sprung | Longer term there could be some improvements in this stock. They have been hit to a greater extent than some of the other copper producers. His long-term outlook for copper is still fairly strong but on a multiple basis, he prefers Teck Cominco (TCK.B-T), which he feels has a more rapid potential for earnings and cash flow increases over the next couple of years. | 2008-04-15 | |
| WATCH | 16.990 | Paul Thornton | This is very similar to many other companies in the zinc sector. The zinc was incredibly hot a year ago but has suffered a massive selloff. This is one of your bigger and better players. Has been range bound for several months and he doesn't know if this is the bottom. Wooden by now, but would be ready if it starts to move higher and the uptrend will be very quick. | 2008-04-11 | |
| BUY | 16.520 | Brian Acker, CA | Earnings have come down but his model price is $31.58, which is a positive 95% differential. Thinks that at around $15 is a bottom. Still has value but earnings have been flattening. Would Buy it here with a $15 Stop. | 2008-04-03 | |
| DON'T BUY | 17.750 | Bill Belovay | Primarily a zinc company. Doesn't like the idea that this company was hijacked by a hedge fund that got rid of management. Sitting on about $800 million of cash and he is afraid they will be forced to spend the cash on a project that might not turn out well. | 2008-03-13 | |
| BUY | 17.750 | Michael Smedley | In reference to a comment that the company has been hijacked, 18% of shares are held by one fund that is trying to force them to hand over their cash. Market believes that leadership has changed from a great, methodical, engineering, practical type of man to a more aggressive president using the money and capitalizing on situations. A much revived company. Recently had an interesting extension to its known deposits in Manitoba. | 2008-03-13 | |
| BUY | 19.100 | Dennis Dasilva | Good liquidity and diversification of assets. | 2008-02-25 | |
| BUY | 19.380 | Michael Decter | Prefers slightly over Tech Cominco (TSK.B-T) as there is more takeover potential. | 2008-02-11 | |
| BUY | 18.470 | Peter Hodson | (Market Call Minute.) It's finally going to get taken over this year. | 2008-01-31 | |
| DON'T BUY | 17.500 | Benj Gallander | CEO just left and he is always leery when this type of thing happens. Good balance sheet. He doesn't like companies that are up 70X over a few years as he is looking for contrarian plays. The new CEO is talking about acquisitions because a lot of the mineral companies are cheap, but he questions that. | 2008-01-25 | |
| HOLD | 15.100 | Michael Smedley | Has nothing against this, but wouldn't add to it. Had a great discovery north of Flin Flon a few months ago, which they will be able to develop. Very carefully managed. Zinc has been in the doldrums for a while. | 2008-01-22 | |
| DON'T BUY | 15.830 | David Burrows | Of all the commodities, base metals are the most economically sensitive. As long as there is concern about the US economy, they are going to under perform. | 2008-01-18 | |
| SELL | 17.460 | David Taylor, MBA, CFA | Since zinc has dropped to about $1.15 it is far more attractive. Balance sheet is pristine. Company is sitting on $500 million in cash. However, if there is no growth it could be a value trap. Not sure what the catalyst is on this company. He is not sure. | 2008-01-10 | |
| Comment | 16.910 | Michael Sprung | Material stocks in general have been in a tough environment, particularly relating to copper and zinc. Estimates on cash flow go from $3.60 last year to around $3.70, which doesn't look horrendously expensive. The question is how long will it take them to bring some of their developing mines on and are you paying too far in advance. Not a bad price for long-term investors. | 2008-01-08 | |
| HOLD | 19.500 | Bruce Campbell | (Market Call Minute.) Wouldn't be tempted to buy. Zinc is the primary metal, which is much more economically oriented. | 2007-12-31 | |
| BUY | 19.380 | David Cockfield | (Market Call Minute.) Doesn't believe the commodities are out of the picture yet. | 2007-12-21 | |
| Comment | 20.260 | Peter Hodson | Announced a buyback up to 10% of the stock over a one-year period. He would have preferred to see a special dividend or an acquisition. This will be a company that gets through the recession. If they don't make an acquisition, they will be acquired. | 2007-12-14 | |
| BUY | 20.710 | Michael Smedley | Gently optimistic about this company. Its moves tend to be gentle. In a correctional phase at the moment. China has a tax relief period on zinc, so the commodity is rushing out of the country. This will end next year, so zinc prices will likely rise again. Expanding its Lalor Lake and expect there will be more discoveries and acquisitions. | 2007-11-27 | |
| WATCH | 21.250 | Ron Meisels | Believes base metals should be strong in 2008. Has recently gone through quite a bit of a correction and needs to find support, which should come in around $17 - $18. | 2007-11-23 | |
| BUY | 23.430 | Robert Floyd | About $7 of cash on hand per share. Expect they're looking for acquisitions, but somewhat difficult as a lot of companies are trading up. Recently found a fairly nice zinc deposit, which is intriguing for the longer term. Numbers were a little disappointing on the refining side. Quarterly report was a little spotty. | 2007-11-14 | |
| WEAK BUY | 25.230 | Alex Ruus | Discovered a large amount of zinc in Manitoba. Relatively cheap. He is more cautious on the mining side. Feels that eventually a correction will come. If you are going to play this sector, this would be a good one. | 2007-11-05 | |
| TOP PICK | 27.240 | Michael Smedley | Has expanded in a very significant grade its metal potential in the Manitoba area. Expects there will be more discoveries. | 2007-10-31 | |
| BUY | 26.800 | Dennis Dasilva | Another core holding. They mine zinc and copper. Significant cash flow generator. Top notch management team. Are doing exploration of their current properties, and making progress there. | 2007-10-30 | |
| DON'T BUY | 25.710 | Bill Carrigan | Be cautious. It's an old story, you want new stories. | 2007-10-17 | |
| HOLD | 26.500 | Robert Floyd | Not his favourite. Stick with it as long as commodities continue to stay strong. | 2007-10-12 | |
| DON'T BUY | 25.270 | Bruce Campbell | Zinc. It's a darling, so he thinks there are traders in it making it volatile. Zinc is auto related, US related, so wouldn't be his favourite metal. Pretty fully valued. | 2007-09-25 | |
| Comment | 26.560 | Michael Smedley | Could be a takeout or a good expansion. Fabulous cash flow. Just hopes they won’t be forced to pay out all their free cash flows in the form of a dividend. | 2007-09-24 | |
| TOP PICK | 24.340 | Michael Smedley | Copper and zinc - Have a great infrastructure in Manitoba. Also have a mine started in New York State and a project near the Yukon. Have a lot of money. Short reserve life. | 2007-09-10 | |
| BUY on WEAKNESS | 22.950 | Peter Brieger | Very high on his radar screen. A first-rate company. Could be a takeover candidate, but don't buy for that reason. Price to cash flow is 5 to 6 times this and next year's earnings. | 2007-08-28 | |
| BUY on WEAKNESS | 24.010 | Don Vialoux | Nice long upward trend. Recently bounced off a key support. Trend is still on the upside. Seasonal factor on copper and zinc is from October until March. Look for an opportunity to buy within the next 6 weeks. | 2007-08-27 | |
| BUY | 23.740 | David Baskin | A good producer. Fundamentals are looking pretty solid in the $25-$30 range. | 2007-08-23 | |
| BUY | 23.230 | Brian Acker, CA | The model price is $44, about 100% upside. Materials stocks all look great. | 2007-08-22 | |
| BUY | 25.800 | Michael Smedley | Just came out with drill results and apparently they are good. Very serious with getting on with the Tom and Jason deposits in the Yukon. Good and solid. | 2007-08-03 | |
| DON'T BUY | 26.990 | Bruce Campbell | There are rumours on a takeover. Has moved up in the last little while and is not sure he would chase it at this point. Would prefer at $25. | 2007-07-09 | |
| Comment | 21.620 | Lesley Marks | Zinc play. Found better opportunities for higher growth. The profile is not for very high growth and production. Great quality company. | 2007-06-26 | |
| PAST TOP PICK | 24.700 | Michael Decter | (A Top Pick Nov 24/06. Up 24%.) Still likes copper and zinc. Done a terrific job of expanding their exploration program. Have paid off all their debt and are in a position to start paying a dividend. . | 2007-06-20 | |
| BUY | 24.200 | Brian Acker, CA | 103% positive differential
Conservatively a year from now, will be around 33.10 | 2007-06-07 | |
| DON'T BUY | 24.860 | Bruce Campbell | A zinc play. For an aggressive part of your portfolio it might be okay, but it's depending on China's zinc demand growing and the zinc play not being extended. | 2007-06-05 | |
| Comment | 24.260 | Pat McHugh | Analysts have been cutting their estimates by fairly sharp amounts. If you have well diversified portfolio, Hold otherwise Sell. | 2007-05-28 | |
| PAST TOP PICK | 23.550 | Michael Smedley | (A Top Pick June 22/06. Up 83%.) Manitoba zinc based company. They are going to expand. Still a Buy. | 2007-05-25 | |
| HOLD | 23.070 | Jeff Parent | The consolidation area from December to May has been going on for a long time. | 2007-05-23 | |
| DON'T BUY | 23.000 | Bill Carrigan | Getting a little bit nervous about most of the metal stocks. Some of them have double tops and most of them have violated the uptrend lines. Would be inclined to worry about the sector. | 2007-05-15 | |
| BUY on WEAKNESS | 23.490 | Ian Nakamoto | Likes most base metal companies, including this one. Very cheap and inexpensive. An excellent company. Buy on any weakness. | 2007-05-14 | |
| SELL | 25.550 | Robert Floyd | Numbers were a little shy of where they should have been. Feed costs are escalating. | 2007-05-11 | |
| BUY | 22.090 | Brian Acker, CA | Had a slight negitive revision, thinks once it get's a positive revision even with same valuations 27-29 dollars in terms of potential value, 20%-25% earnings.
Big earnings going on a relatively small balance sheet.
| 2007-05-02 | |
| BUY on WEAKNESS | 21.180 | Veronika Hirsch | Purist zinc play. Good quality. Very conservative management. Considered a possible acquisition by Lundin (LUN-T) but that is no longer applicable, so stock is in limbo. Have an interesting exploration program going on, but isn't looking for anything fantastic. | 2007-04-18 | |
| BUY | 21.180 | Peter Brieger | Sees more upside. Current price to cash flow comes in around 4-4.5 X’s. Any fair sized mine in Canada is fair game for international conglomerates. | 2007-04-18 | |
| BUY | 21.620 | David Baskin | Zinc. Have had a fabulous run. Depends on if you feel there will continue to be a strong demand from Asia. He feels this will be unabated and will continue to rise. | 2007-04-09 | |
| BUY | 21.430 | Dennis Dasilva | Zinc. Everything they generate is free cash flow. No debt. Well run. Fully integrated with the smelter, refinery and mining. | 2007-04-05 | |
| BUY on WEAKNESS | 21.800 | Peter Brieger | Has had a nice bounce, which he attributes to the pickup in the price of copper. Would like it at the $20 level. | 2007-04-04 | |
| DON'T BUY | 20.340 | John O'Connell, CFA | With the recent pullback in commodities, he is cautious on the mining sector. Is seeing a modest pullback in economic growth. | 2007-03-30 | |
| HOLD | 20.850 | Robert Floyd | Still has a fairly strong outlook over the next little while. As long as copper and a lot of the base metals stay strong, it should do well. If it spiked up aggressively, he wouldn't be shy about trimming. | 2007-03-29 | |
| BUY | 20.850 | Ian Nakamoto | Selling at very low multiple and commodity prices are hanging in. Have a lot of cash. | 2007-03-29 | |
| HOLD | 20.200 | Michael Smedley | Zinc is going to continue strong. A model type of company. | 2007-03-23 | |
| BUY | 19.340 | Peter Brieger | Likes it long-term. At or below $20 is a terrific buying opportunity. | 2007-03-21 | |
| Comment | 19.340 | Ron Meisels | Did well since Inco was taken over as portfolio managers use this as a replacement. | 2007-03-21 | |
| PAST TOP PICK | 20.010 | Kyle McKay | (A Top Pick Jan 8/07. Down 5.1%.) Zinc. Also have exposure to gold and silver. Valuation is still compelling. | 2007-03-19 | |
| Comment | 19.830 | Michael Sprung | Would see more opportunity in Aur Resources (AUR-T). This one has been an extremely great stock with earnings of $5.20, but forecasts are mainly in the $4 range. | 2007-03-16 | |
| Comment | 19.670 | David Baskin | The US economy plays an important part in base metals. If it should slip into recession in the 2nd half, demand for base metals will fall. If you buy, keep an eye on the economic news. | 2007-03-14 | |
| BUY | 20.750 | Peter Hodson | Came out with terrific results, but the stock has dropped. Paying taxes at a higher rate than the market expected, but this only means they are making more money. Nothing wrong from a production side or cash flow side. He has been buying at this price. Thinks it's a takeover target. | 2007-03-12 | |
| Comment | 20.800 | Jeff Parent | Has had some pretty significant moves. Had periodic rallies and then breaks. Currently in consolidation, which will continue for some while. If you own, be careful on the down side. You would reduce from $20 down to $19. | 2007-03-09 | |
| BUY | 21.600 | Brian Acker, CA | Model price is $54.57, which is a positive 150% differential. Can be volatile. | 2007-03-08 | |
| Comment | 21.100 | Bruce Campbell | Very cheap on a multiple basis. Will be volatile, which makes him nervous. | 2007-03-06 | |
| BUY | 21.600 | Peter Brieger | This is a terrific story. Likes base metals looking out 2-3 years. This is a copper play. Watch the market for a few days before buying. | 2007-03-02 | |
| BUY | 24.460 | Jean-Francois Tardif | Stock is fairly cheap. Stock is hitting new highs, but the price of zinc is not. Risk/reward is not as attractive today as it was. Bullish on zinc for the long-term. | 2007-02-26 | |
| PAST TOP PICK | 24.460 | Michael Decter | (A Top Pick Nov 24/06. Up 21.1%.) Recently paid off all their debt. Reopened a zinc mine in New York state. Could see a takeout at $30. | 2007-02-26 | |
| TOP PICK | 24.090 | David Cockfield | He's a great fan of zinc. They also have copper and gold. Paying down debt and could be in the position to pay a dividend. Takeover candidate. | 2007-02-23 | |
| BUY | 22.960 | Bill Belovay | It has had such a wonderful run-up, that it seems expensive, but the company is leveraged zinc and copper. Nothing wrong with the fundamentals. Trading at 4 X forward earnings. | 2007-02-15 | |
| TOP PICK | 22.260 | Stephen Carlin | The most leveraged exposure to zinc and copper in Canada. Likes both commodities, zinc especially. Trades at 4 X earnings. Has lots of expenditures planned this year for exploration. | 2007-02-14 | |
| HOLD | 21.600 | David Baskin | Undoubtedly making a pile of money with zinc prices being so high. Demand from Asia is still strong, so he is still holding his base metal companies. If you own, consider taking profits. | 2007-02-13 | |
| BUY | 20.690 | Peter Brieger | Based on the projected cash flow, it sells at about 4.4 X cash flow, which is quite cheap in this space. Will probably be taken over. | 2007-02-02 | |
| BUY | 21.750 | Brian Acker, CA | $29.36 would be his next target. | 2007-02-01 | |
| HOLD | 21.750 | Bill Carrigan | A terrific looking chart. It is basically in a linear uptrend. It is unusual to be able to draw a growth channel with a mining stock. As long as it doesn't violate the long-term trend line you keep it. | 2007-02-01 | |
| HOLD | 21.310 | Hap (Robert) Sneddon FCSI | Good uptrend. Until the uptrend is violated, he wouldn't sell. Metals/mining sector has slipped on a weekly basis. | 2007-01-30 | |
| BUY on WEAKNESS | 21.590 | Michael Sprung | Has come a long way in a very short time. An excellent copper play. Their production and costs seem to be well in line and could take a little bit of downside in the copper price and still be quite profitable. Would look for opportunities to buy on the downside. | 2007-01-29 | |
| DON'T BUY | 21.570 | John Zechner | A great play if you are bullish on zinc prices, which he is not. Thinks we have reached a peak in commodity pricing. | 2007-01-22 | |
| HOLD | 20.920 | Michael Decter | Considers this as a Hold or even a Cautious Buy at this level. Getting rid of restrictive covenants in the debt so they will be able to pay a dividend. Have a short reserve life, so if they can have some exploration success it will be helpful. | 2007-01-18 | |
| BUY | 21.410 | Brian Acker, CA | This model price is $55, which is 156% above the market price. | 2007-01-17 | |
| BUY | 21.000 | David Burrows | This is a company that has held up the best during weakness in its sector. If the tide is going against commodities there is little more risk, and when they roll over, they roll over very quickly. | 2007-01-08 | |
| TOP PICK | 21.000 | Kyle McKay | (A Top Pick Mar 7/06. Up 192%.) Likes the zinc market. Trading at about 4 X this year's earnings. They will have about a 65,000 tn. increase in zinc and about 85,000 tn. of copper. No debt. | 2007-01-08 | |
| BUY | 20.690 | Michael Sprung | This is primarily copper and zinc. Copper has been under some pressure lately due to inventory build up. This is an extremely well positioned company. Demand for zinc remains quite strong. Good price. Sells at a little over 2 X Book. | 2007-01-05 | |
| STRONG BUY | 21.800 | Peter Hodson | Zinc producer that has done a fabulous job. Still one of the cheapest stocks on the TSE. Too cheap not to own. | 2006-12-28 | |
| Comment | 21.810 | Jean-Francois Tardif | The price of zinc is driving this stock. The risk is if the US and China slow down and investors sell their base metal stocks. Trades at around 5.5 X earnings, so it’s not expensive. Really depends on the zinc price. | 2006-12-27 | |
| BUY on WEAKNESS | 21.080 | Brian Acker, CA | Has a model price of $51.48, but doesn’t think it will get above $27.33.. There is a correction in the metal prices. Would buy at $19.80, but there is a chance it could go back to $15.83, which would be a big Buy. | 2006-12-21 | |
| PAST TOP PICK | 22.150 | David Taylor, MBA, CFA | (Top Pick Sept 12/06. Up 59.5%.) Sold his last share last week, | 2006-12-18 | |
| HOLD | 22.530 | Kenneth P. Norquay, CMT | Just breaking to new highs today. If you bought in Sept/Oct, you want to ride through the volatility. It could still be in an uptrend. | 2006-12-15 | |
| HOLD | 21.600 | John Zechner | There’s a real shortage of zinc right now and inventories continue to drop so the price might spike higher in the near term. Own it, but be ready to exit. | 2006-12-12 | |
| HOLD | 21.470 | Bill Carrigan | At the top of its growth channel right now. Could go sideways for a while. | 2006-12-06 | |
| HOLD | 22.500 | Ross Healey | Given that some of our big mining companies have disappeared, could be attractive as a takeover. | 2006-12-04 | |
| BUY | 22.000 | Robert Floyd | Likes this one and feels it can go higher. | 2006-12-01 | |
| BUY | 21.040 | Bill Belovay | Their results knocked the skin off the ball. | 2006-11-29 | |
| TOP PICK | 20.200 | Michael Decter | Copper and zinc have had a terrific run. Feels zinc prices are going to stay up and go higher. Copper prices may go a little lower. Big tax pools so they won't be taxed for a long time. Doing good exploration. Bringing back the last of their debt and will then be able to pay a dividend or buy back shares. | 2006-11-24 | |
| HOLD | 19.000 | Michael Smedley | Zinc is a very strong commodity. | 2006-11-22 | |
| BUY | 17.650 | Jean-Francois Tardif | Just reported great results. The stock is very cheap. | 2006-11-16 | |
| BUY | 18.250 | Bruce Campbell | If you like the outlook for zinc, this is good. | 2006-11-15 | |
| DON'T BUY | 17.770 | Michael Sprung | They are in all the right places. Just announced record earnings. Would be tempted to take a bit off the table. Currently priced to perfection. | 2006-11-14 | |
| HOLD | 18.540 | Robert Floyd | Base metals have been showing weakness in the last couple of days. Investors have been bidding up the stock in anticipation of very high numbers, which happened. Once they were reported, there was some profit taking. Once the new highs are digested, the stock should firm and go a little higher. | 2006-11-13 | |
| BUY | 19.390 | Stephen Carlin | Zinc is in a very tight situation. An attractive acquisition candidate. Will be debt free in the next couple of years. Will ultimately get bought out. | 2006-11-08 | |
| BUY | 19.590 | Ian Nakamoto | Their 2 base metals, zinc and nickel look very, very good. Reserves of zinc are almost nonexistent. | 2006-11-07 | |
Experts that have talked about Hudbay Minerals Inc.
