Hudbay Minerals Temporarily Shuts Down Constancia Mine Amid Peru Unrest

Hudbay Minerals ( (TSE:HBM) ) has shared an update.

Hudbay Minerals Inc. has announced that its Constancia mine in Peru has been affected by local protests and illegal blockades due to ongoing social unrest in the country. As a safety precaution, the company has temporarily shut down the Constancia mill and demobilized non-essential personnel. Hudbay is working with authorities to resolve the situation and expects that these disruptions will not affect its 2025 production and cost guidance. The company emphasizes its commitment to maintaining strong relationships with local communities and ensuring sustainable operations.

The most recent analyst rating on (TSE:HBM) stock is a Buy with a C$20.00 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 copper-focused critical minerals mining company with operations in Canada, Peru, and the United States. The company primarily produces copper, complemented by gold, zinc, silver, and molybdenum, and is involved in several growth projects including the Copper World project in Arizona and the Mason project in Nevada.

Average Trading Volume: 1,754,731

Technical Sentiment Signal: Buy

Current Market Cap: C$7.78B

For an in-depth examination of HBM stock, go to TipRanks’ Overview page.