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Hudbay Minerals ( (TSE:HBM) ) just unveiled an announcement.
On August 12, 2025, Hudbay Minerals Inc. entered into a definitive subscription agreement with Mitsubishi Corporation, under which Mitsubishi will acquire a 30% interest in Hudbay’s Copper World project in Arizona. This joint venture involves a US$600 million investment by Mitsubishi, with US$420 million payable at closing and US$180 million within 18 months. The transaction is expected to close in late 2025 or early 2026, pending regulatory approvals, and will see Mitsubishi contributing to ongoing project costs and development. This agreement signifies a strategic partnership that could enhance Hudbay’s project development capabilities and strengthen its position in the mining industry.
The most recent analyst rating on (TSE:HBM) stock is a Buy with a C$18.50 price target. To see the full list of analyst forecasts on Hudbay Minerals stock, see the TSE:HBM Stock Forecast page.
Spark’s Take on TSE:HBM Stock
According to Spark, TipRanks’ AI Analyst, TSE:HBM is a Outperform.
Hudbay Minerals demonstrates strong financial performance and technical indicators, supported by positive earnings call sentiment. The strategic joint venture with Mitsubishi and effective cost management further enhance its position. While the valuation is reasonable, the high beta suggests potential volatility, which investors should consider.
To see Spark’s full report on TSE:HBM stock, click here.
More about Hudbay Minerals
Hudbay Minerals Inc. is a Canadian mining company primarily focused on the production of copper, zinc, and precious metals. The company operates various mining projects and is involved in the exploration, development, and production of mineral resources, with a significant market presence in North and South America.
Average Trading Volume: 1,635,501
Technical Sentiment Signal: Buy
Current Market Cap: C$5.93B
See more data about HBM stock on TipRanks’ Stock Analysis page.