RoBTV: 3 Analysts' Comments on Hudbay Minerals (TSE:HGM)

Michael Sprung, president, Sprung & Company Investment Counsel

HUDBAY MINERALS (TSE:HBM): primarily dealing with copper and zinc..copper under pressure, off a third of its value, reflected in all copper-related stocks..HUDBAY is extremely well-positioned company..I think demand for zinc remains very strong..actually, demand copper still strong, right now lack of orders some inventory buildup perhaps..selling little over 2X book value..it is $2.5 billion company..longer term could be good stock to hold

David Burrows, president, Barometer Capital Management

HUDBAY MINERALS (TSE:HBM): one of the things that I would like to look at is if you see few days of weakness in industry group, which companies have held up the best..HUDBAY clearly one of those..we are shareholders in HUDBAY and have been for some time, it is performing extremely well..they have some exposure to some of the metals that have pulled back but has held in well and at the first sign of strength, had a bit of a pop..

Kyle McKay, portfolio manager, Leeward Hedge Funds

PAST PICK + TOP PICK HUDBAY MINERALS (TSE:HBM): done well, we started buying November 2005 around $3.50, company with exposure to zinc, 10 cent move in zinc translates to 23 cents bottom line, leveraged..significant growth on zinc output, 105,000 tonnes to 160,000 tonnes with opening of New York mine..I believe in fundamentals, zinc supply-demand most favorable as we head to next several years..I like zinc market, definitely with pullback HUDBAY has held in relatively well, trading at about 4X earnings this year..company has done phenomenal job cleaning balance sheet, clean slate, no debt..increased CapEx program..definitely about another 40-50% upside this year