HBM Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: HBM benefits from strong institutional support, rising copper demand, and strategic projects in Peru and Manitoba, potentially boosting growth.




Bearish Case: Decreasing EPS estimates, supply chain concerns, and geopolitical tensions pose risks to HBM's growth, potentially leading to downside pressure.




Potential Outcomes:

1. Continued demand boosts prices (55%).

2. Market correction (30%).

3. Stagnation due to volatility (15%).




Trading Oracle: Initiate a bullish debit spread by buying July 2025 $7.50 calls and selling $10.00 calls. This captures upside while managing risk amid volatile conditions and favorable price trends. Time horizon: mid-term.



February 01, 2025


Hudbay Minerals Forecast

HBM        Hudbay Minerals











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